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Dow Futures Rise as Q1 Earnings Heats Up


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By Oliver Gray – Dow futures traded higher during Monday’s evening deals as market participants brace for one of the busiest weeks of the corporate earnings season.

By 6:35pm ET (10:35pm GMT) Dow Jones Futures added 0.3%, S&P 500 Futures gained 0.3% and Nasdaq 100 Futures were up 0.5%.

Before the opening bell on Tuesday, Johnson & Johnson (NYSE:JNJ) and The Travelers Companies Inc (NYSE:TRV) are set to report their latest results, while Hasbro Inc (NASDAQ:HAS), Lockheed Martin Corporation (NYSE:LMT), and Citizens Financial Group Inc (NYSE:CFG) are also slated to report.

Elsewhere on Tuesday, investors will be looking toward fresh housing data with housing starts and building permits for March.

During Monday’s trade, Dow Jones Industrial Average slid 39.54 points or 0.1%, to 34,411.69, the S&P 500 remained little changed at 4,391.69 and the NASDAQ Composite lost 0.1% to 13,332.36.

Technology companies finished the regular session in a mixed fashion as Block Inc (NYSE:SQ) fell 1.6%, Inc (NASDAQ:AMZN) added 0.7% Apple Inc (NASDAQ:AAPL) eased 0.1% and NVIDIA Corporation (NASDAQ:NVDA) added 2.5%.

Meanwhile, Twitter Inc (NYSE:TWTR) rose 7.5%, after the social media company launched a limited duration shareholder rights plan, or “poison pill,” to thwart Tesla (NASDAQ:TSLA) CEO Elon Musk’s bid to take the company private.

Financials moved higher, as JPMorgan Chase & Co (NYSE:JPM) added 1.9%, Citizens Financial Group Inc (NYSE:CFG) gained 0.9%, Citigroup Inc (NYSE:C) lifted 2.7% and Morgan Stanley (NYSE:MS) added 2%. Bank of America Corp (NYSE:BAC) finished 3.4% higher after the company reported second-quarter results that beat on both the top and bottom lines.

On the bond markets, United States 10-Year rates were near fresh 40-month highs of 2.857% in anticipation of more aggressive monetary policy tightening from Federal Reserve officials.  

Dow Futures Rise as Q1 Earnings Heats Up

Several Private Equity Firms Have Reached Out To Twitter To Express Interest In Participating In A Deal-source – Reuters

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