Oct 29 2024, 12:27
Stock futures are muted Monday night as investors readied for key corporate earnings releases, including reports from notable tech names.
Dow Jones Industrial Average futures slipped 35 points, sitting slightly below flat. S&P 500 futures and Nasdaq 100 futures were also both little changed.
Ford Motor slid about 6% after the automaker provided full-year guidance that was on the low end of its previously set range. On the other hand, North Face parent VF Corp jumped 23% after posting better-than-expected results.
Those moves come after a winning session on Wall Street for the three major indexes. Notably, the blue-chip Dow broke a five-day losing streak, while the tech-heavy Nasdaq Composite notched its eighth positive session of the last nine.
Stock investors appeared to welcome a drop in oil prices, which came after weekend airstrikes from Israel toward Iran didn’t hit energy facilities as some expected. But equity gains were capped as Treasury yields continued to rise.
Source : CNBC
