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US STOCKS-Futures dip after S&P 500, Dow hit record closing highs

Published 19/04/2021, 11:40
© Reuters.
INTC
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NFLX
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RIOT
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US10YT=X
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MARA
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* Futures down: Dow 0.2%, S&P 0.16%, Nasdaq 0.09%

By Shivani Kumaresan
April 19 (Reuters) - U.S. stock index futures eased on
Monday after the S&P 500 and the Dow closed at record highs in
the previous session, while investors geared up for quarterly
earnings reports from Coca-Cola and IBM.
The world's largest soda maker KO.N dipped 0.4% premarket
ahead of its first quarter report. Technology company IBM
IBM.N is slated to post its results after markets close.
About 79 S&P 500 companies are due to report earnings this
week including Johnson & Johnson JNJ.N , Netflix Inc NFLX.O ,
Intel Corp INTC.O , Honeywell HON.N and Schlumberger SLB.N ,
according to Refinitiv IBES data.
Shares of big U.S. lenders dipped on Monday after a surge in
their quarterly profits last week bolstered bets on a strong
economic rebound and helped Wall Street's main indexes climb.
A pullback in the benchmark 10-year bond yield US10YT=RR
from 14-month highs in April has also eased worries about higher
borrowing costs, renewing interest in richly valued technology
stocks.
At 06:27 a.m. ET, Dow E-minis 1YMcv1 were down 75 points,
or 0.22%, S&P 500 E-minis EScv1 were down 6.75 points, or
0.16%, and Nasdaq 100 E-minis NQcv1 were down 12.25 points, or
0.09%.
GameStop Corp GME.N jumped 6.5% premarket after Keith
Gill, the man known as "Roaring Kitty" on social media and whose
online posts helped spark the recent retail frenzy in the video
game retailer, exercised call options to acquire 50,000 more
shares of the company. Crypto stocks including miners Riot Blockchain RIOT.O and
Marathon Digital MARA.O dropped 8.3% and 6.7% after bitcoin
BTC=BTSP plunged as much as 14% over the weekend.

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