Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Dow futures tick lower, major earnings ahead

Published 04/23/2023, 06:50 PM
Updated 04/23/2023, 06:50 PM
© Reuters

By Oliver Gray

Investing.com - U.S. stock futures were trading slightly lower during Sunday's evening deals, after major benchmark averages finished the week in the red as market participants braced for a deluge of corporate earnings results and economic data.

By 18:45 ET (22:45 GMT) Dow Jones futures were trading 0.1% lower, while S&P 500 futures and Nasdaq 100 futures declined 0.2% apiece.

In the week ahead, investors will be monitoring CB consumer confidence, building permits, new home sales, core durable goods orders, preliminary GDP figures, pending home sales, PCE price index, Chicago PMI, and Michigan consumer sentiment.

Quarterly earnings results will also kick into a higher gear with reporting companies including Coca-Cola (NYSE:KO), First Republic Bank (NYSE:FRC), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Nestle (OTC:NSRGY), PepsiCo (NASDAQ:PEP), McDonald’s (NYSE:MCD), General Electric (NYSE:GE), Meta Platforms (NASDAQ:META), Bank of America (NYSE:BAC), Amazon.com (NASDAQ:AMZN), Mastercard (NYSE:MA), Intel (NASDAQ:INTC), Exxon Mobil (NYSE:XOM), and Chevron (NYSE:CVX).

Stay ahead of the curve this earnings season with InvestingPro.

During Friday's trade, the Dow Jones Industrial Average added 22.3 points or 0.1% to 33,809, the S&P 500 lifted 3.7 points or 0.1% to 4,133.5, and Nasdaq Composite gained 12.9 points or 0.1% to 12,072.5. For the week, the Dow dipped 0.4%, the S&P 500 eased 0.1%, and the Nasdaq lost 0.3%.

On the bond markets, United States 10-Year rates were at 3.567%.

Latest comments

yeah right, setting up the manipulation now.
Only if banks can get more cash loan for them. But this week might be doomed if more people withdrawing cash, banks might have cashflow problem. Bubble will explode when no more manipulated pump.
Interest rates remain relatively stable.
The gig economy is changing the nature of work.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.