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Dow futures tick higher, earnings season comes into focus

Published 16/10/2023, 02:14
© Reuters.
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Investing.com - US stock futures were trading higher during Sunday's evening deals, after major benchmark averages finished with weekly advances amid stronger than expected earnings from major financial companies.

By 6:40pm ET (10:40pm GMT) Dow Jones Futures and S&P 500 Futures were up by 0.1% while Nasdaq 100 Futures added 0.2%.

Ahead in the week, market participants will be closely monitoring the NY empire state manufacturing index, retail sales, industrial production, retail inventories, building permits, Philadelphia Fed Manufacturing Index and a raft of speeches from Harker, WIlliams, Bowman, Barkin, Waller, Jefferson, Barr, Powell, Bostic, Logan, and Mester.

Among earnings, major companies including Bank of America Corp (NYSE:BAC), Goldman Sachs Group Inc (NYSE:GS), Lockheed Martin Corporation (NYSE:LMT), United Airlines Holdings Inc (NASDAQ:UAL), Tesla Inc (NASDAQ:TSLA) and Morgan Stanley (NYSE:MS).

Stay ahead of the curve this earnings season with InvestingPro.

During Friday's regular trade, the Dow Jones Industrial Average added 39.2 points or 0.1% to 33,670.3, the S&P 500 lost 21.8 points or 0.5% to 4,327.8 and the NASDAQ Composite dipped 167 points or 1.2% to 13,407.2.

On the bond markets, United States 10-Year rates were at 4.612%.

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