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Stock Futures Are Flat After Dow Reverses Course to Start a Busy Earnings Week

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Investors are watching quarterly earnings for clues on how companies are handling the economy.

Stock futures were flat after the Dow Jones Industrial Average slumped more than 200 points during Monday's session, reversing an earlier rally as earnings season continued in earnest.

Dow Jones Industrial Average futures rose by 6 points, or 0.02%. S&P 500 futures ticked up 0.07% and Nasdaq 100 futures dipped 0.01%. Shares of IBM fell more than 4% after hours when the original tech company lowered its forecast for cash flow, even while reporting earnings that beat Wall Street's earnings and revenue estimates.

Earlier, the Dow shed more than 200 points to end the day in the red, reversing a morning rally fueled by solid earnings reports from Goldman Sachs and Bank of America. Oil broke above $100 a barrel, and bitcoin surged to the highest levels seen since mid-June.that Apple would slow hiring and spending on growth next year to prepare for a potential economic downturn. Shares of the iPhone maker ended the day about 2.1% lower.

 

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Another Biden 'success', as Democrats call these things. Guard your investment accounts carefully, if you'll need to access the funds in the next 10 - 20 years.

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