US Market
Stock futures fell slightly on Friday morning as Wall Street attempted to cap off a winning week for markets that saw better-than-expected economic growth and a pop in market-darling Tesla.
S&P 500 futures advanced modestly Thursday as investors parsed through the latest batch of corporate earnings.
Stock futures fell in early trading on Wednesday.
Futures on the Dow Jones Industrial Average futures slipped 96 points, the Nasdaq 100 shed 0.78% and S&P 500 futures fell 0.46%.
Shares of Microsoft dropped about 1%, reversing earlier gains in after-hours trading. Initially shares rose after the tech giant posted fiscal second quarter per-share earnings that exceeded analyst’s estimates. However, shares declined after the company offered lackluster guidance on its earnings call.
Investors are bracing for more high-profile corporate earnings amid fears of a recession. So far, more than 70 S&P 500 companies have reported fourth-quarter earnings, and 65% of them posted stronger-than-expected results, according to Refinitiv.
“With the bulk of earnings still in front of the market, the question as to whether the shift towards growth being signaled by recent rallies is warranted could be answered by upside earnings surprises and solid guidance,” said Quincy Krosby, chief global strategist at LPL Financial.
Tesla, Boeing, IBMand AT&T are among the companies slated to post numbers on Wednesday.
The overnight action followed a three-day winning streak for the blue-chip Dow. All three major averages are up at least 1% week to date.
Source: CNBC
Stock futures were largely flat on Tuesday morning as investors looked to continue a strong start to the week during a busy stretch of corporate earnings.
Stock futures ticked higher early Friday morning as investors tried to hang onto the January rally amid worries about monetary policy and slowing earnings.
U.S. stock futures traded slightly higher early Wednesday morning.
Stock futures traded lower Tuesday morning as investors attempted to keep building on early 2023 momentum and looked ahead to more corporate earnings.
The stock market was set to end a winning week on a sour note Friday, as JPMorgan Chase led a decline in bank shares after it warned a recession was its base case for the year.
Stock futures were slightly lower in premarket trading Thursday as investors awaited a key inflation report to assess the outlook for the Federal Reserve’s rate-hiking campaign.
Stock futures inched lower Tuesday morning after the Nasdaq Composite posted a second day of gains, helped by Tesla and other tech shares.
