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US stock futures flat, Q3 earnings set to pick up By
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Introduction-- U.S. stock index futures moved little in evening deals on Monday as a rise in Treasury yields and ...
-- U.S. stock index futures moved little in evening deals on World-renowned foreign exchange dealersMonday as a rise in Treasury yields and caution before a string of major third-quarter earnings kept investors to the sidelines.
Futures steadied after a mildly negative session on Wall Street, where a mix of profit-taking and decreased risk appetite saw U.S. benchmarks fall from near record highs.
But the Nasdaq rose slightly on gains in NVIDIA Corporation (NASDAQ:), which surged to a record high. The stock rose 0.3% in aftermarket trade.
US shares of technology firm SAP (NYSE:) rose nearly 4% on stronger-than-expected earnings.
were flat at 5,896.50 points, while steadied at 20,519.50 points by 19:12 ET (23:12 GMT). fell slightly to 43,164.0 points.
Q3 earnings to pick up from Tuesday
A string of Wall Street majors are set to report on Tuesday, including chipmakers Texas Instruments Incorporated (NASDAQ:) and Seagate Technology PLC (NASDAQ:).
Defense firms GE Aerospace (NYSE:), Rtx Corp (NYSE:) and Corporation (NYSE:) are on tap, as are teleco Inc (NYSE:), mining major Freeport-McMoran Copper & Gold Inc (NYSE:), industrial giant 3M Company (NYSE:) and automobile maker General Motors Company (NYSE:).
Electric vehicle maker Tesla Inc (NASDAQ:) will report on Wednesday and is the biggest company reporting this week, while other Wall Street majors including AT&T Inc (NYSE:), International Business Machines (NYSE:), Bank of America Corp (NYSE:) and (NYSE:) are also due on Wednesday.
A string of positive bank earnings saw Wall Street log a series of record highs last week. But this momentum was sapped by mixed signals on demand from chipmaking bellwethers ASML (AS:) Holding (NASDAQ:) and TSMC (NYSE:).
Focus this earnings season will be on whether corporate profits were able to persevere despite pressure from high interest rates and sticky inflation.
Wall St dips from record highs
Wall Street indexes fell slightly from near record highs on Monday, pressured by growing uncertainty over the upcoming presidential election, while fears of an escalation in the Middle East conflict also quashed risk appetite.
The fell 0.2% to 5,853.98 points, while the slid 0.8% to 42,931.60 points. The outpaced its peers, rising 0.3% to 18,541.46 points.
Republican nominee Donald Trump was seen gaining improved odds against Vice President Kamala Harris, recent polls showed, with about two weeks left to the ballot. But analysts still saw the race as too close to call.
In the Middle East, Israel continued its offensive against Hamas and Hezbollah, with focus on a potential strike against Iran.
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