Equity futures start trading flat ahead of Big Tech earnings

The trader works in his post on the floor of the New York Stock Exchange.

Brendan MacDermid | Reuters

Equity futures were flat on Monday night trading, ahead of quarterly earnings reports from several megacap tech companies.

The Dow Jones Industrial Average futures contract rose 15 points, or 0.04%. S & P 500 futures and Nasdaq 100 futures were traded near the flat line.

Tesla’s share price rose after Monday’s business hours following a better-than-expected second-quarter earnings report. For the first time, electric vehicle manufacturers have exceeded $ 1 billion in quarterly net profit.

The US Major Equity Average closed Monday’s regular session with record highs, scoring five consecutive days of victories. The Dow rose 82.76 points, or 0.24%. The S & P 500 also rose 0.24%, and the tech-intensive Nasdaq Composite index rose 0.03%.

The second quarter earnings season continues, with Google’s parent companies Alphabet, Microsoft and Apple reporting after the bell on Tuesday.

“We think we’ll get really solid revenue from these companies, which should give the market a little boost. Perhaps we’re running too many of these names already this year. Bounces that won’t grow. ” Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments.

“Apple has been in the integration phase over the past few months, so it may be a great opportunity to see something happen,” Fernandez added.

JetBlue, UPS, General Electric and Starbucks will also make money on Tuesday.

The Federal Reserve Board’s two-day policy meeting will also begin on Tuesday. Investors are waiting for insights into central bank monetary policy.

The Federal Open Market Committee and the Board will issue a statement after the meeting ends Wednesday.

Equity futures start trading flat ahead of Big Tech earnings

Source link Equity futures start trading flat ahead of Big Tech earnings

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