Dow futures point to a modest open ahead of earnings

div > div.group > p:first-child"> At around 2:00 a.m. ET, Dow futures were up 19 points, indicating a positive open of more than 18 points. Futures for the S&P and Nasdaq were both slightly lower.

Corporate earnings will be the biggest focus Monday, with two of the biggest Wall Street banks reporting. Citigroup and Goldman Sachs will update investors before the bell as well as Charles Schwab and M&T Bank. Market players are also carefully watching any Fed-related developments amid predictions of a potential cut in rates. Speaking to CNBC Friday, Mohamed El-Erian, Allianz's chief economic advisor, said the Fed has gone from"too hawkish" last year to"too dovish" at the moment. Chicago Fed President Charles Evans speaks exclusively to CNBC at 8.30 a.m. E.T.

On the data front, there will be Empire State manufacturing data at 8.30 a.m. ET and TIC data at 4 p.m. ET.

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Dow off 150 points at the open as investors await fresh batch of corporate earningsU.S. stock benchmarks on Monday rallied rally ahead of a the start of first-quarter corporate results, which unofficially kick off later this week. The Dow... actually, its probably due more to the increasing instability of the US government and the stunning realization by many international investors that realdonaldtrump is a stone cold idiot.....and is going to destroy economies worldwide as $USD disintegrates
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »