U.S. stock futures edge lower as investors brace for earnings deluge

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stock futures edge lower as investors brace for earnings deluge

U.S. stock -index futures pointed to a second day of losses Tuesday, with investors bracing for a deluge of corporate results as earnings reporting season moves into full swing.

What are major indexes doing? On Monday, stocks suffered modest losses, with the Dow DJIA, -0.36% shedding 123.04 points, or 0.4%, while the S&P 500 SPX, -0.53% fell 0.5% as both indexes pulled back from record finishes posted Friday. The Nasdaq Composite COMP, -0.98% shed 1%. What’s driving the market? Earnings reports, which are off to a strong start for the quarter, will remain under scrutiny as investors gauge the strength of the economic recovery from COVID-19 pandemic, analysts said. Guidance from companies on the outlook for the year ahead may be even more important in determining market direction.

“Corporate outlooks may indicate whether the rally from last year’s low could continue,” said Charalambos Pissouros, senior market analyst at JFD Group, in a note.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines