Breaking News
Investing Pro 0
Free Webinar - Webinar: Simplify Options Trading | Thursday, September 28, 2023 | 08:00PM EDT Enroll Now

Dow futures lift as Biden and McCarthy continue debt talks

Published May 22, 2023 07:18PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
US500
+0.59%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
+0.35%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ESZ3
+0.67%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
1YMZ3
+0.42%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NQZ3
+0.93%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ZM
+1.50%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Investing.com - U.S stock futures were trading slightly higher during Monday's evening deals, following a mixed session among major benchmark averages as market participants monitored debt ceiling negotiations between President Joe Biden and House Speaker Kevin McCarthy.

By 18:50 ET (22:50 GMT) Dow Jones futures, S&P 500 futures and Nasdaq 100 futures lifted 0.1% apiece.

In extended deals, Zoom Video Communications Inc (NASDAQ:ZM) added 0.8% after reporting Q1 EPS of $1.16 versus $0.99 expected, while revenue was reported at $1.1 billion versus $1.08B expected. The company forecasted Q2 2024 EPS in the range of $1.04-$1.06 versus $1.05 expected and revenue in the range of $1.11B-1.$115B versus $1.11B expected.

Ahead in Tuesday's session, building permits, new home sales, preliminary manufacturing and services PMIs will be closely monitored, as well as a speech from the Fed's Logan.

Among earnings, quarterly results are scheduled from companies including Intuit Inc (NASDAQ:INTU), Lowe’s Companies Inc (NYSE:LOW), Palo Alto Networks Inc (NASDAQ:PANW), BJs Wholesale Club Holdings Inc (NYSE:BJ), and Dick’s Sporting Goods Inc (NYSE:DKS).

During Monday's regular trade, the Dow Jones Industrial Average fell 140.1 points or 0.4% to 33,286.6, the S&P 500 finished flat at 4,192.6, and the Nasdaq Composite lifted 62.9 points or 0.5% to 12,720.8.

On the bond markets, United States 10-Year rates were at fresh 2-month highs of 3.721%.

Dow futures lift as Biden and McCarthy continue debt talks
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (6)
Jacky Lee
Jacky Lee May 22, 2023 10:54PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
There wont be an agreement until forcing into default. Everyone will blame biden for failing to avoid default. Now is just a show
Shahid Mahmood
Shahid Mahmood May 22, 2023 10:12PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What is the outcome ..?raising Debt Ceiling agreed or not? What have they agreed upon ?
Shep De
Shep De May 22, 2023 9:43PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
it wasn't real positive, now 72 hour rule applies , McCarthy said
الهام کشتگر
الهام کشتگر May 22, 2023 9:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I think it could be better.
Bill Windle
Bill Windle May 22, 2023 8:42PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
it's higher because fed is pumping money into market so it does not implode
Michael Benson
Michael Benson May 22, 2023 7:21PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Consumer spending is a key driver of economic growth.
Michael Benson
Michael Benson May 22, 2023 7:21PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The global economy is becoming more interconnected.
Jimmy Doodoo
JimmyD May 22, 2023 7:21PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Bot
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email