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Dave Jones
Oct 17, 2022 3:38AM ET
Investors lolz
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🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data
Dow Futures Move Higher as Investors Brace for Earnings
© Reuters
By Oliver Gray
Investing.com - U.S. stock futures were trading higher during Sunday’s evening deals, with market participants looking to see how major companies are dealing with slowing global growth as the third-quarter earnings season kicks off.
By 19:10 ET (23:10 GMT) Dow Jones Futures were up 0.3% while S&P 500 Futures and Nasdaq 100 Futures were up 0.4%.
Ahead in the week, Rio Tinto (NYSE:RIO), Bank of America Corp (NYSE:BAC), Bank of New York Mellon (NYSE:BK), and Charles Schwab Corp (NYSE:SCHW) are set to report on Monday, while Netflix Inc (NASDAQ:NFLX), International Business Machines (NYSE:IBM), and Tesla Inc (NASDAQ:TSLA) are set to deliver results later in the week. Meantime, NY Empire State and Philadelphia Fed manufacturing indices, industrial production, building permits, housing starts, and existing home sales data as well as speeches from the Fed’s Bullard, Bowman and the FOMC’s Williams are also scheduled for this week.
During Friday’s session, the Dow Jones Industrial Average fell 403.9 points or 1.3% to 29,634.8, the S&P 500 lost 86.8 points or 2.4% to 3,583.1, and the NASDAQ Composite lost 327.8 points or 3.1% to 10,321.4. For the week, the Dow added 0.7%, the S&P 500 fell 1.6%, and the NASDAQ dropped 3.2%.
On the bond markets, United States 10-Year rates were at 14-year highs of 4.023%.
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