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Stocks- U.S. Futures Inch Forward as Earnings Season Kicks Off

2018-07-10 19:01    Investing

Stocks- U.S. Futures Inch Forward as Earnings Season Kicks Off Stock News

© Reuters. U.S. futures pointed to a higher opening bell on Tuesday.

Investing.com – U.S. futures pointed to a slightly higher opening bell, as investors wait for second quarter corporate earnings results to kick off.

The S&P 500 futures rose five points or 0.20% to 2,773.50 as of 6:47 AM ET (10:47 GMT) while Dow futures increased 58 points or 0.23% to 24,832.0. Meanwhile tech heavy NASDAQ 100 futures gained 21 points or 0.29% to 7,321.75.

Second quarter earnings begins this week, with PepsiCo (NASDAQ:PEP) reporting higher than expected financial results. The beverage firm rose 1.60% in pre-market trading.

Delta Air Lines Inc (NYSE:DAL) is expected to reports its financial results on Wednesday, while the big banks report on Friday.

Trade tensions lingered on earnings however, as traders look for any potential tariff impact on corporate profits.

Netflix (NASDAQ:NFLX) rose 0.48% in pre-market trading while Tesla (NASDAQ:TSLA) increased 0.78% and semiconductor Micron was up 0.33%.

Elsewhere Jd.Com Inc Adr (NASDAQ:JD) fell 0.08% while Credit Suisse (SIX:CSGN) Group (NYSE:CS) (SIX:CSGN) was down 0.13%.

In economic news, the Job Openings and Labor Turnover Survey (JOLTS) is due at 10:00 AM ET (14:00 GMT).

In Europe stocks were mostly up, as investors watch for news of Brexit after UK Foreign Secretary Boris Johnson and Brexit Secretary David Davis resigned, putting pressure on Prime Minister Theresa May. Germany’s DAX rose 52 points or 0.42% while in France the CAC 40 increased 29 points or 0.54% and in London, the FTSE 100 was up 18 points or 0.24%. Meanwhile the pan-European Euro Stoxx 50 gained eight points or 0.24% while Spain’s IBEX 35 fell 18 points or 0.18%.

In commodities, gold futures fell 0.49% to $1,253.40 a troy ounce while crude oil futures increased 0.58% to $74.28 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was up 0.29% to 94.07.


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