Traders work on the floor of the New York Stock Exchange during morning trading in New York City.
Michael M. Santiago | Getty Images
Stock futures were lower early Tuesday as investors geared up for major corporate earnings releases, including reports from prominent tech companies.
Dow Jones Industrial Average Futures fell 33 points, just below flat. S&P500 and Nasdaq 100 futures There was almost no change.
ford motor Shares fell about 6% after the automaker gave its full-year outlook, which was at the lower end of a previously set range. On the other hand, North Face parents VF Corporation The stock posted better-than-expected results, rising 23%.
These moves came after trading in the three major indexes on Wall Street. Outstanding companies are worth paying attention to Dow 5-day losing streak ended, but high-tech elements are strong Nasdaq Composite This was his 8th successful session out of the past 9.
Stock investors appear to be cheering a drop in oil prices after Israel’s airstrikes against Iran over the weekend did not damage energy facilities as much as some had expected. However, as U.S. Treasury yields continued to rise, stock price gains were constrained.
“On the one hand, the current macro environment is very good: resilient growth, disinflation, stimulus, And it’s a relatively healthy profit.” “But because you have expensive stocks, the volatility in yields is a headwind.”
Traders will be keeping an eye on major companies’ earnings reports on Tuesday as the busiest week of the earnings season continues. pfizer and mcdonalds We will announce the results before the bell and then we will announce the results after. alphabet, snap, reddit, chipotle pepper and advanced micro device After the market closes.
Tech giants meta platform and microsoft A report is expected on Wednesday, but apple I wake up on Thursday.
On the economic front, investors will focus on job openings and turnover data released this morning. The first of several reports to be released this week will provide insight into the strength of the job market. Other statistics on house prices and consumer confidence will be released on Tuesday.
