Stocks- Wall Street Looks Ahead to Another Record Day of Earnings By Investing.com

Stocks- Wall Street Looks Ahead to Another Record Day of Earnings

Stock MarketsJan 17, 2018 07:01AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

© Reuters. U.S. Futures were up ahead of earnings, economic data.

Investing.com – U.S. futures rose on Wednesday ahead of a flurry of earnings results despite growing concern of a possible government shutdown.

The S&P 500 futures rose 10 points or 0.37% to 2,792.75 as of 6:57 AM ET (11:57 GMT) while Dow futures increased 142 points or 0.55% to 25,961.0. Meanwhile tech heavy Nasdaq 100 futures was up 25 points or 0.37% to 6,787.0.

The Dow broke 26,000 points for the first time on Tuesday but markets were weighed down by concerns of a possible government shutdown.

Congress has until Friday to pass a spending bill to prevent a shutdown, but Republican and Democrats disagree over an immigration bill from the Democratic Party.

Shares of Bank of America (NYSE:BAC) were up 0.38% after it posted higher than expected earnings, not including an expected tax charge. Other firms expected to release their earnings results today include Goldman Sachs (NYSE:GS), Charles Schwab (NYSE:SCHW) and Kinder Morgan (NYSE:KMI).

Meanwhile IBM (NYSE:IBM) rose 1.93% in pre-market trading after the technology firm partnered with shipping giant Maersk to create a blockchain solution for the shipping trade. Telecommunications firm Nokia (HE:NOKIA) Corp ADR (NYSE:NOK) inched forward 0.20% while Barclays (LON:BARC) PLC ADR (NYSE:BCS) gained 0.64%.

Elsewhere education publisher Pearson (LON:PSON) fell 6.01% despite the company forecasting higher profits. Financial firm Credit Suisse (SIX:CSGN) slumped 1.06% while Apple (NASDAQ:AAPL) inched down 0.22%.

In economic news, the NAHB/Wells Fargo Housing Market Index comes out at 10:00 AM ET (15:00 GMT). Investors will also be listening closely to remarks from Chicago Fed President Charles Evans and Dallas Fed President Robert Kaplan, who are both speaking at a roundtable in Palm Beach, Florida. Cleveland Fed President Loretta Mester will also be speaking at an event in New Jersey.

In Europe stocks were down. Germany’s DAX fell 33 points or 0.26% while in France the CAC 40 decreased three points or 0.06% and in London, the FTSE 100 was down 15 points or 0.20%. Meanwhile the pan-European Euro Stoxx 50 slumped two points or 0.07% while Spain’s IBEX 35 lost 54 points or 0.52%.

In commodities, gold futures rose 0.09% to $1,338.30 a troy ounce while crude oil futures slumped 0.41% to $63.47 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rallied 0.25% to 90.46.

Add a Comment

We encourage you to use comments to engage with 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
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.
Use standard writing style. Include punctuation and upper and lower cases.
NOTE: Spam and/or promotional messages and links within a comment will be removed
Avoid profanity, slander or personal attacks directed at an author or another user.
Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. 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.

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

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

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.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="">
	<div class="flag js-flag">
		<a href="javascript:void(0);" id="commentFlag_{commentID}">
			<span class="commentFlagIcon " title="Report"></span>
		</a>
	</div>
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="addRow js-option save">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved displayNone">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.akamaized.net/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="">
	<div class="flag js-flag">
		<a href="javascript:void(0);" id="commentFlag_{commentID}">
			<span class="commentFlagIcon " title="Report"></span>
		</a>
	</div>
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.akamaized.net/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.akamaized.net/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

</div>
			
		</div>
		</div>
    </div>
			</div>
			<div id="show-more-comments">
				<a class="showMoreComments block">
					<span class="arial_12 showArrowafter">Show more comments (<span class="js-amount"></span>)</span>
				</a>
			</div>
			<div id="show-more-replies">
				<a class="showMoreReplies block">
					<span class="arial_12 showArrowafter">Show more replies (<span class="js-amount"></span>)</span>
				</a>
			</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

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.

I feel that this comment is:

Spam

Offensive

Irrelevant

Thank You!

Your report has been sent to our moderators for review

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

S&P 500 Futures	2,684.00	-25.75	-0.95%
Nasdaq Futures	6,764.50	-79.00	-1.15%
Dow 30	24,581.28	-166.79	-0.67%
SmallCap 2000	1,568.63	-15.06	-0.95%
S&P 500 VIX	16.52	+0.92	+5.90%
DAX	12,567.42	-23.41	-0.19%
US Dollar Index	89.57	+0.22	+0.25%
Bitcoin Futures	8,240.0	+60.0	+0.73%

Gold	1,348.90	-4.60	-0.34%
Silver	17.255	+0.007	+0.04%
Copper	3.124	-0.035	-1.09%
Crude Oil WTI	68.61	+0.14	+0.20%
Brent Oil	73.98	+0.50	+0.68%
Natural Gas	2.670	-0.069	-2.52%
US Cotton #2	82.69	-0.05	-0.06%
US Coffee C	115.92	-1.05	-0.90%

EUR/USD	1.2343	-0.0030	-0.24%
GBP/USD	1.4169	-0.0033	-0.23%
USD/JPY	107.28	+0.05	+0.05%
USD/CAD	1.2653	+0.0022	+0.17%
GBP/JPY	152.00	-0.28	-0.18%
AUD/USD	0.7733	-0.0052	-0.67%
EUR/GBP	0.8711	-0.0002	-0.02%
EUR/JPY	132.41	-0.28	-0.21%

BTC/USD	8,245.0	+94.8	+1.16%
ETH/USD	556.79	+40.03	+7.75%
BCH/USD	975.42	+82.56	+9.25%
IOT/USD	1.74800	+0.11920	+7.32%
LTC/USD	142.27	+5.19	+3.79%
XRP/USD	0.73534	+0.04914	+7.16%
BTC/EUR	6,689.0	+119.0	+1.81%
DASH/USD	420.00	+30.00	+7.69%