Futures Movers: U.S. stock futures fall headed into big earnings week

Daily Trade

U.S. stock-index futures fell Sunday, ahead of a big week of earnings reports.

Dow Jones Industrial Average futures
YM00,
-0.40%

futures fell about 150 points, or 0.5%, while S&P 500 futures
ES00,
-0.63%

sank 0.7% and Nasdaq-100 futures
NQ00,
-1.04%

tumbled 1.1%.

Futures for U.S. crude
CLK22,
+1.39%
,
meanwhile, rose to $108.16.

The U.S. stock market was closed Friday. For the week, the Dow
DJIA,
-0.33%

 lost 0.8%, recording its third straight week of losses, while the S&P 500 
SPX,
-1.21%

shed 2.1% and the Nasdaq Composite 
COMP,
-2.14%

fell 2.6%, with both booking their second straight week of losses.

Investors are bracing for a flurry of quarterly earnings reports in the upcoming week, including Bank of America Corp.
BAC,
-3.22%

on Monday morning, Netflix Inc.
NFLX,
-2.65%

on Tuesday afternoon and Tesla Inc.
TSLA,
-3.66%

on Wednesday afternoon. Eyes will also be on Twitter Inc.
TWTR,
-1.68%
,
which on Friday adopted a “poison pill” in the face of a takeover bid announced earlier in the week by Elon Musk.

A number of major banks, including Goldman Sachs Group Inc.
GS,
-0.10%
,
Morgan Stanley
MS,
+0.75%

and Wells Fargo & Co.
WFC,
-4.51%
,
reported earnings last week, to mixed results.

Articles You May Like

Flying Cars: The Market’s Hidden Gems for 2025
‘I trust that my husband isn’t a gold digger’: I’m inheriting millions of dollars. My husband says I’m ‘selfish’ to keep it. Should I share it?
The crazy ride in quantum computing stocks continues as shares rip higher on Microsoft’s ‘quantum-ready’ directive
Irenic takes a position at KBR. Here’s how the activist may help improve shareholder value
Which total market fund is best for long-term investors?