News Formal

Futures dip as focus moves to tech earnings

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 44 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Stock Index Futures News

Growth Stocks,Big Tech,Vice President Kamala Harris

With investors returning to megacap growth stocks on Monday, the S&P 500 and the Nasdaq snapped a three-day losing streak and logged their biggest one-day...

- U.S. stock index futures slipped on Tuesday ahead of results from some Big Tech companies expected later in the day that will be parsed to see whether the market's recent record-breaking run is sustainable.

Results from Big Tech companies will be key to determine whether U.S. stocks are overvalued or have more room for growth.Alphabet and Tesla, two of the so-called "Magnificent Seven" are set to report quarterly results after market close. Both the shares were up around 0.3% each in a largely mixed premarket session for the group of stocks.

Other companies reporting results before the bell include General Motors, United Parcel Service, Coca-Cola and Philip Morris International. Bets of a 25-basis point interest rate cut by September have shot up to nearly 92% from the near 60% seen last month, according to CME's FedWatch Tool, with two rate cuts seen by the year end.At 5:17 a.m. ET, Dow e-minis were down 4 points, or 0.01%, S&P 500 e-minis were down 8.25 points, or 0.15%, and Nasdaq 100 e-minis were down 63 points, or 0.31%.

 

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:

 /  🏆 47. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Stock market news today: S&P 500, Nasdaq futures tumble as China curb risk rattles techsTechs were under dual pressure from worries about US export curbs on China and Donald Trump's stance on Taiwan.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500 futures hold near record with June jobs data on deckInvestors are looking to the June jobs report for signs of more softening in the labor market that could lay the ground for rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures tread water after S&P 500's record closeInvestors looked to fresh economic data for pointers on rate cuts as they got set for the July 4th closure.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Megacaps, S&P 500 moves, second half of 2024: Market TrendsMegacap stocks like Nvidia (NVDA) and Amazon (AMZN) continue to dominate the conversation on Wall Street. Surprisingly, the S&P 500 (^GSPC) is still making...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »