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Stocks- Wall Street Set for Flat Opening After Government Shutdown Averted

Published 01/23/2018, 06:54 AM
Updated 01/23/2018, 06:54 AM
U.S. futures were flat on Tuesday.

Investing.com – U.S. futures were slightly lower on Tuesday, as investors shrugged off news that Congress ended the three-day long government shutdown on Monday afternoon.

The S&P 500 futures fell three points or 0.11% to 2,832.2 as of 6:52 AM ET (11:52 GMT) while Dow futures decreased three points or 0.01% to 26,192.0. Meanwhile tech heavy Nasdaq 100 futures were down two points or 0.03% to 6,929.0.

Congress passed a short-term measure on Monday to fund the federal government through Feb. 8, which lifted global stock sentiment. However future indexes suddenly dipped down after rising early on Tuesday morning.

Investors are looking ahead to earnings news, with Procter & Gamble Company (NYSE:PG), Johnson & Johnson (NYSE:JNJ) and Verizon Communications Inc (NYSE:VZ) expected to report ahead of the opening bell. United Continental Holdings Inc (NYSE:UAL) and Texas Instruments (NASDAQ:TXN) will release their earnings after the close.

Verizon rose 1.95% in pre-market trading while Netflix (NASDAQ:NFLX) surged 8.36% after it beat earnings forecasts and new net subscribers. The news drove the capitalization of the streaming site to more than $100 billion for the first time. Meanwhile General Electric (NYSE:GE) inched up 0.81% and semiconductor Advanced Micro Devices (NASDAQ:AMD) increased 0.63%.

Elsewhere GoPro Inc (NASDAQ:GPRO) slipped 4.60% and Bank of America (NYSE:BAC) was down 0.44% while Teva Pharma Industries Ltd ADR (NYSE:TEVA) slumped 1.86%.

In Europe stocks were mostly up. Germany’s DAX rose 69 points or 0.52% while in France the CAC 40 decreased five points or 0.09% and in London, the FTSE 100 was up one point or 0.01%. Meanwhile the pan-European Euro Stoxx 50 gained five points or 0.15% while Spain’s IBEX 35 rose 11 points or 0.10%.

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In commodities, gold futures rose 0.36% to $1,336.70 a troy ounce while crude oil futures increased 0.33% to $63.78 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, inched up 0.11% to 90.25.

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