Stock Market Today: Dow futures trade near record as first full week of third-quarter earnings begins
How are stock-index futures trading:
S&P 500 futures increased 0.75 points, or 0.02%, to 5860
Dow Jones Industrial Average futures fell 4 points, or 0.01%, to 43,140
Nasdaq 100 futures increased 3.25 points, or 0.02%, to 20,451.50
On Friday, the Dow Jones Industrial Average rose 410 points, or 0.97%, to 42864, the S&P 500 increased 35 points, or 0.61%, to 5815, and the Nasdaq Composite gained 61 points, or 0.33%, to 18343.
The S&P 500 closed Friday at a record high, its 45th of the year.
Stock futures were pretty much flat on Monday as investors braced themselves for the first full week of third-quarter earnings while working to understand the most recent announcement around stimulus measures from the People’s Republic of China.
Major U.S. firms including Johnson & Johnson, Bank of America, Morgan Stanley, Citigroup, Netflix, Goldman Sachs and American Express are all set to publish third quarter results this week in statements that could spark volatility in markets.
Elsewhere, ASML and Taiwan Semiconductor Manufacturing Co are also both scheduled to release their third-quarter results on Wednesday and Thursday respectively in publications that will provide investors insight into the health of the global tech industry.
A new stimulus announcement from China on Saturday left investors wanting more. A highly-anticipated press conference instead gave few details as to the Chinese Communist Party’s plans to revive China’s stagnant economy even while signaling strong intentions.
Bond markets on Monday will stay closed for Columbus Day federal holiday.
Federal Reserve Governor Christopher Waller is also scheduled to speak at a conference in California.
