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U.S. stock futures near highs of the year as earnings season eyed

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The S&P 500 is in line to begin Monday near the top of the 3,800 to 4,200 range within which it has vacillated for about five months.

U.S. stock futures on Monday point to Wall Street equities starting the week near their highs of the year after a well-received batch of bank earnings calmed nerves at the start of the corporate reporting season.

How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA fell 143 points, or 0.42%, to 33886, the S&P 500 SPX declined 9 points, or 0.21%, to 4138, and the Nasdaq Composite COMP dropped 43 points, or 0.35%, to 12123.Some big banks kicked off the U.S.

The market’s more relaxed tone of late can be seen in various anxiety barometers, noted Henry Allen, strategist at Deutsche Bank. However, Jonathan Krinsky, technical strategist at BTIG, observed that underlying market trends suggest bulls should be wary.

 

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