Stock futures are little changed as Wall Street's busiest earnings week continues: Live updates

edged up 0.15% and 0.21%, respectively. In July, the S&P 500 and the Dow each gained more than 3%, while the tech-heavy Nasdaq advanced about 4.1%.

More than 160 S&P 500 constituents are slated to report their latest quarterly results this week. More than half of the companies in the broad market index have already reported, with 80% posting earnings beats, according to FactSet. This further raises hopes that the economy will be able to avoid a recession as inflation begins to show signs of slowing.

To be sure, Globalt Investments senior portfolio manager Keith Buchanan noted that expectations coming into this season were negative. "We beat that bar, but still, thus far [there have] been indications that we're going to end up in a negative year-over-year growth from an earnings standpoint," said Buchanan. "But we're more concerned and frankly, somewhat optimistic about the earnings picture for the second half of this year, in particular 2024.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock futures steady as Wall Street eyes five-month winning streakU.S. stock futures were little changed early Monday, holding levels that would secure a fifth consecutive month of gains amid optimism over corporate earnings.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks are little changed as Wall Street looks to cap off a winning month: Live updatesThe stock market is poised to wrap up the month of July with strong gains.
Source: CNBC - 🏆 12. / 72 Read more »

Top Wall Street analysts are upbeat about these dividend stocksTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including IBM and Morgan Stanley.
Source: CNBC - 🏆 12. / 72 Read more »