US preopen: Wall Street futures dip ahead of high profile quarterly earnings

US preopen: Wall Street futures dip ahead of high profile quarterly earnings

Price: 101.64

Chg: -0.42

Chg %: -0.41%

Date: 10:50

Price: 2,104.78 Chg: 2.72 Chg %: 0.13% Date: 10:54

Stock futures on Wall Street dipped on Monday as traders cut exposure to risk ahead of some high profile earnings as the first quarter reporting season gets underway this week.
Futures for the Dow Jones Industrial Average fell 0.13% to 179500 while futures for the S&P500 lost 0.16% to 2092. Traders cited a disappointing Chinese trade data report together with declines in European stock markets.

On Friday, stocks finished higher with the DJIA above 18,000 for the first time in almost three weeks. On Monday, there’s little economic data of note other than the Federal budget for March, due in the afternoon in the US.

Attention will be on first quarter earnings with JPMorgan Chase, Wells Fargo and Johnson & Johnson all reporting numbers on Tuesday.

Analysts at FactSet noted that “based on the earnings calls to date, the stronger US dollar has been cited by the most companies in the S&P500 index as a factor that either had a negative impact on earnings or revenues for Q1, or is expected to have a negative impact on earnings and revenues in future quarters.”

The dollar continued to surge on Monday with the euro down 0.7% to change hands at $ 1.0543. WTI crude was up 1.41% at $ 52.37 per barrel while Gold was little changed at $ 1200 an ounce.

You may also like...

Rules of Discussion on US preopen: Wall Street futures dip ahead of high profile quarterly earnings

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Self-promotion once a week is allowed. Too much promotion or using Contact info in ID will lead to account ban.