Futures point to further Wall Street gains as earnings season rolls on
U.S. inventory futures pointed greater Tuesday, extending positive aspects after the biggest four-day stretch of positive aspects since late July for each the S&P 500 and Nasdaq Composite.
What’s taking place
- Futures on the Dow Jones Industrial Common
YM00,
+0.24%
rose 73 factors or 0.2%, to 35206 - Futures on the S&P 500
ES00,
+0.33%
gained 13 factors, or 0.3%, to 4490 - Futures on the Nasdaq 100
NQ00,
+0.29%
rose 36 factors, or 0.2%, to 15327
On Monday, the Dow Jones Industrial Common
DJIA,
fell 36 factors, or 0.1%, to 35259, whereas the S&P 500
SPX,
elevated 15 factors, or 0.34%, to 4486, and the Nasdaq Composite
COMP,
gained 124 factors, or 0.84%, to 15022. The S&P 500 and Nasdaq Composite have every seen their finest four-day profitable stretch since July 23.
What’s driving markets
The optimistic backdrop comes as company earnings have largely overshadowed worries about provide chain disruptions.
In response to Financial institution of America, by the primary week, 66% of firms have crushed on each gross sales and earnings per share, which is nicely above the historic common of 47%.
Tuesday sees outcomes from company titans together with Procter & Gamble
PG,
and Johnson & Johnson
JNJ,
and after the shut, streaming large Netflix
NFLX,
Markets additionally can be eyeing the launch of the primary bitcoin exchange-traded fund, and the flattening of the yield curve, because the unfold between 5-
TMUBMUSD05Y,
and 30-year
TMUBMUSD30Y,
Treasury securities was the narrowest since early 2020.
Housing begins and a gaggle of Federal Reserve officers talking highlights the day’s economics calendar.
https://www.marketwatch.com/story/futures-point-to-further-wall-street-gains-as-earnings-season-rolls-on-11634636154?rss=1&siteid=rss | Futures level to additional Wall Avenue positive aspects as earnings season rolls on
