U.S. stock futures pointed to a muted open Tuesday, setting the Dow up for a breather after its 320-point rally pinned on strong economic data that offset trade-related fears.
What are the main benchmarks doing?
Dow Jones Industrial Average futures
edged up by 31 points, or 0.1%, to 24,805, while S&P 500 futures
added 2.35 points, or 0.1%, to 2,789.75. Nasdaq-100 futures
tacked on 10.75 points, or 0.2%, to 7,311.
On Monday, the Dow
closed higher by 320.11 points, or 1.3%, as the S&P 500
and Nasdaq Composite
each added 0.9%.
The blue-chip gauge turned positive for the year on Monday, flipping to a 0.2% gain, while the S&P and tech-laden Nasdaq have advanced 4.1% and 12%, respectively, as of Mondays close.
Whats driving markets?
Investors are bracing for a round of quarterly earnings reports that are expected to show off Corporate Americas health. PepsiCo Inc.s
results are on tap before the open Tuesday, and a trio of giant banks J.P. Morgan Chase & Co.
, Citigroup Inc.
and Wells Fargo & Co.
are due to reveal their performance Friday.
Meanwhile, recent economics reports have been seen as underlining the strength of the American economy at a time when many investors are concerned about worsening relations between the U.S. and its major trading partners.
What are strategists saying?
With the prospect of a positive earnings season ahead of us, investors seem to have forgotten the threat of further trade tensions, said Konstantinos Anthis, head of research at ADS Securities, in a note Tuesday.
Which stocks are in focus?
Twenty-First Century Fox Inc.
is preparing to counter Comcast Corp.s
latest offer for Sky PLC
with a new, higher bid, according to a Financial Times report.
Which economic reports are on tap?
A June report on U.S. small-business confidence is slated to hit at 6 a.m. Eastern Time. At 10 a.m. Eastern, a May reading on job openings is scheduled for release.
Check out: MarketWatchs Economic Calendar
On the Federal Reserve front, no Fed officials are expected to give speeches on Tuesday.
What are other markets doing?
traded mostly higher, while Asian markets largely closed with gains.
were falling, U.S. oil futures
were climbing, and the ICE U.S. Dollar Index
was roughly flat.
Victor Reklaitis is a London-based markets writer for MarketWatch. Follow him on Twitter @VicRek.
We Want to Hear from You
Join the conversation
Related Topics U.S. Stocks Markets NY Stock Exchange NASDAQ
Quote References YMU8 +62.00 +0.25% ESU8 +4.50 +0.16% NQU8 +22.75 +0.31% DJIA +320.11 +1.31% SPX +24.35 +0.88% COMP +67.81 +0.88% PEP -1.80 -1.64% JPM +3.22 +3.09% C +1.80 +2.68% WFC +0.88 +1.57% FOX +0.65 +1.34% CMCSA -0.02 -0.06% SKY +29.00 +1.97% SXXP +0.88 +0.23% GCQ8 -6.00 -0.48% CLQ8 +0.44 +0.60% DXY +0.22 +0.23% Show all references
MarketWatch Partner Center
Most Popular This rally in stocks is a last hurrah! warns Guggenheims Minerd This reliable indicator of a bear market in stocks and a recession just flashed a warning The spectacular rise and fall of MoviePass I paid for my girlfriends rent, food, vacations and utilities while she was in collegenow were breaking up Bank of America raises 2018 S&P 500 earnings forecast by 4%
Community Guidelines FAQs
BACK TO TOP MarketWatch Site Index Topics Help Feedback Newsroom Roster Media Archive Premium Products Mobile Company Company Info Code of Conduct Corrections Advertising Media Kit Advertise Locally Reprints & Licensing Your Ad Choices Dow Jones Network WSJ.com Barron’s Online BigCharts Virtual Stock Exchange Financial News London WSJ.com Small Business realtor.com Mansion Global
Copyright © 2018 MarketWatch, Inc. All rights reserved.
Stocks Columns Authors Topics
No results found
E-Mini Dow Sep 2018 U.S.: CBOT: YMU8 $24,836.00 +62.00 (+0.25%)