• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

US stock futures flat, Q3 earnings set to pick up

by October 22, 2024
written by October 22, 2024

Investing.com– U.S. stock index futures moved little in evening deals on Monday 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:NVDA), which surged to a record high. The stock rose 0.3% in aftermarket trade.

US shares of technology firm SAP (NYSE:SAP) rose nearly 4% on stronger-than-expected earnings.

S&P 500 Futures were flat at 5,896.50 points, while Nasdaq 100 Futures steadied at 20,519.50 points by 19:12 ET (23:12 GMT). Dow Jones Futures 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:TXN) and Seagate Technology PLC (NASDAQ:STX). 

Defense firms GE Aerospace (NYSE:GE), Rtx Corp (NYSE:RTX) and Lockheed Martin Corporation (NYSE:LMT) are on tap, as are teleco Verizon Communications Inc (NYSE:VZ), mining major Freeport-McMoran Copper & Gold Inc (NYSE:FCX), industrial giant 3M Company (NYSE:MMM) and automobile maker General Motors Company (NYSE:GM). 

Electric vehicle maker Tesla Inc (NASDAQ:TSLA) will report on Wednesday and is the biggest company reporting this week, while other Wall Street majors including AT&T Inc (NYSE:T), International Business Machines (NYSE:IBM), Bank of America Corp (NYSE:BAC) and Coca-Cola Co (NYSE:KO) 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:ASML) Holding (NASDAQ:ASML) and TSMC (NYSE:TSM). 

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 S&P 500 fell 0.2% to 5,853.98 points, while the Dow Jones Industrial Average slid 0.8% to 42,931.60 points. The NASDAQ Composite 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.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Peru ex-President Toledo convicted of bribe-taking, sentenced to 20 years in prison
next post
Dollar steady at August high on US rates view, election

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • Mega-cap Accenture, Apple lead Thursday’s market cap stock movers
    • Australia stocks higher at close of trade; S&P/ASX 200 up 0.48%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy