🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Dow futures lift, major tech earnings in focus

Published 23/10/2023, 00:56
© Reuters.
INTC
-
MSFT
-
F
-
KO
-
AMZN
-
MA
-
IBM
-
V
-
MCO
-
META
-
GOOG
-

Investing.com - US stock futures ticked higher on Sunday night following significant weekly declines among major benchmark averages, as market participants braced for a fresh deluge of earnings results from major tech companies including Alphabet (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT).

By 6:45:pm ET (10:45pm GMT) Dow Jones Futures were up by 0.1%, while S&P 500 Futures and Nasdaq 100 Futures lifted 0.2%.

On the economic calendar, investors will be looking towards preliminary manufacturing and services PMIs, building permits, new and pending home sales, core durable goods orders, preliminary GDP and goods trade balance, PCE price index data, Michigan consumer sentiment and expectations surveys as well as speeches from Powell, Waller and Barr.

On the earnings front, companies set to report results throughout the week include W. R. Berkley Corp (NYSE:WRB), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc Class C (NASDAQ:GOOG), Visa Inc Class A (NYSE:V), Coca-Cola Co (NYSE:KO), Meta Platforms Inc (NASDAQ:META), International Business Machines (NYSE:IBM), Moodys Corporation (NYSE:MCO), Amazon.com Inc (NASDAQ:AMZN), Mastercard Inc (NYSE:MA), Intel Corporation (NASDAQ:INTC) and Ford Motor Company (NYSE:F).

Stay ahead of the curve this earnings season with InvestingPro.

During Friday's regular trade, the Dow Jones Industrial Average fell 286.9 points or 0.9% to 33,127.3, the S&P 500 lost 53.8 points or 1.3% to 4,224.2 and the NASDAQ Composite lost 202.4 points or 1.5% to 12,983.8.

For the week, the Dow registered declines of 2.1%, the S&P 500 dropped 2.7% and the NASDAQ tanked 3.5%.

On the bond markets, United States 10-Year rates lifted to fresh 16-year highs of 4.918%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.