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Dow Futures Little Changed as Investors Look to Earnings

Published 07/17/2022, 07:12 PM
Updated 07/17/2022, 07:12 PM

By Oliver Gray - U.S. stock futures were mostly higher during Sunday’s overnight deals, with major benchmark averages coming off a losing week despite a strong relief rally on Friday as investors look ahead to a busy week of corporate earnings results.

By 06:50 PM ET (2250 GMT) Dow Jones Futures remained unchanged, while S&P 500 Futures and Nasdaq 100 Futures were up 0.1% and 0.3%, respectively.

Ahead in the week, companies expected to report earnings results include Bank of America Corp (NYSE:BAC), Goldman Sachs Group Inc (NYSE:GS), Charles Schwab Corp (NYSE:SCHW), International Business Machines (NYSE:IBM), Johnson & Johnson (NYSE:JNJ), Netflix Inc (NASDAQ:NFLX), Tesla Inc (NASDAQ:TSLA), United Airlines Holdings Inc (NASDAQ:UAL), Steel Dynamics Inc (NASDAQ:STLD), AT&T Inc (NYSE:T), American Airlines Group (NASDAQ:AAL), and American Express Company (NYSE:AXP).

Among economic data, market participants will be watching for housing starts, NAHB's housing market index, building permits, and existing home sales, while the Philadelphia Fed manufacturing index, CB leading index, and S&P Global flash PMIs are slated for release later in the week.

During Friday’s trade, the Dow Jones Industrial Average added 658.1 points or 2.2% to 31,288.3, the S&P 500 gained 72.8 points or 1.9% to 3,863.2, and the tech-heavy NASDAQ Composite added 201.2 points or 1.8% to 11,452.4. For the week, the Dow fell 0.2%, the S&P 500 lost 0.9%, and the Nasdaq Composite fell 1.57%.

On the bond markets, United States 10-Year rates were at 2.921%.


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