Stocks- U.S. Futures Down as Investors Wait for Earnings Results
Published Jul 23, 2018 06:50AM ET
U.S. futures pointed to a lower opening bell on Wall Street.
Investing.com – U.S. futures inched down on Monday, as investors paused before a flurry of corporate earnings this week.
The S&P 500 futures fell three points or 0.12% to 2,797.50 as of 6:48 AM ET (10:48 GMT) while Dow futures decreased 28 points or 0.11% to 25,002.0. Meanwhile tech heavy Nasdaq 100 futures slumped 34 points or 0.47% to 7,325.75.
Earnings season continues this week, with Google (NASDAQ:GOOGL) expected to report after the bell closes. Hasbro (NASDAQ:HAS), TD Ameritrade Holding Corporation (NASDAQ:AMTD), Whirlpool (NYSE:WHR), and others are also reporting their corporate earnings on Monday.
Geopolitical tensions kept investors on edge, as U.S. President Donald Trump warned Iranian President Hassan Rouhani on Sunday to not threaten the U.S.
Meanwhile, Fiat Chrysler Automobiles NV (NYSE:FCAU)slumped 3.16% in pre-market trading after the auto firm was forced to replace CEO Sergio Marchionne, who became gravely ill after a surgery in early July. Tesla (NASDAQ:TSLA) was down 4.28% after news that the firm was asking suppliers for cash back to help turn a profit, while semiconductor Micron Technology Inc (NASDAQ:MU) dipped 1.94%.
Elsewhere Chinese e-commerce firm Jd.Com Inc Adr (NASDAQ:JD) rose 1.63% after reports that it was planning to expand into Europe.
In economic news, existing home sales data is released at 10:00 AM ET (14:00 GMT).
In Europe stocks were lower. Germany’s DAX fell 42 points or 0.34% while in France the CAC 40 decreased 30 points or 0.57% and in London, the FTSE 100 was down 28 points or 0.37%. Meanwhile the pan-European Euro Stoxx 50 slipped 15 points or 0.45% while Spain’s IBEX 35 lost 32 points or 0.34%.
In commodities, gold futures fell 0.06% to $1,230.30 a troy ounce while crude oil futures increased 1.16% to $69.05 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was down 0.01% to 94.24.
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Written By: Investing.com
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