major indexes hit recordsFutures tied to the S&P 500 wavered between gains and losses, indicating the benchmark gauge may open flat after notching a record high Monday. Futures for the technology-focused Nasdaq-100 index declined 0.2% and contracts tied to the Dow Jones Industrial Average edged 0.1% lower.
This week marks the height of earnings season, with Verizon , General Electric , 3M , Raytheon Technologies , American Express and Lockheed Martin due to report quarterly earnings before the opening bell Tuesday. Starbucks , Microsoft and Texas Instruments will release results after markets close. Major tech firms, including Apple , Tesla and Facebook , will update investors Wednesday.
Investors will watch to see if earnings can continue to top analysts’ expectations, providing a further catalyst to push markets higher. “What’s working in the market’s favor is the overall trend of economic growth is still robust and that’s likely to translate to positive earnings,” said Shoqat Bunglawala, head of multiasset solutions, international, at Goldman Sachs Asset Management. “There’s an expectation that there’s going to be more robust growth driven by pent up demand in the second half of the year.”
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