U.S. Stock Futures Fall Headed into Big Earnings Week

Dow Jones2022-04-18

U.S. stock-index futures fell Sunday, ahead of a big week of earnings reports.

Dow Jones Industrial Average futures futures fell about 132 points, or 0.38%, while S&P 500 futures sank 0.63% and Nasdaq-100 futures tumbled 1.09%.

Futures for U.S. crude , meanwhile, rose to $107.86.

The U.S. stock market was closed Friday. For the week, the Dow lost 0.8%, recording its third straight week of losses, while the S&P 500 shed 2.1% and the Nasdaq Composite fell 2.6%, with both booking their second straight week of losses.

Investors are bracing for a flurry of quarterly earnings reports in the upcoming week, including Bank of America Corp. $(BAC)$ on Monday morning, Netflix Inc. $(NFLX)$on Tuesday afternoon and Tesla Inc. $(TSLA)$on Wednesday afternoon. Eyes will also be on Twitter Inc. (TWTR), which on Friday adopted a "poison pill" in the face of a takeover bid announce earlier in the week by Elon Musk.

A number of major banks, including Goldman Sachs Group Inc. $(GS)$, Morgan Stanley $(MS)$ and Wells Fargo & Co. $(WFC)$, reported earnings last week, to mixed results.

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Comments

  • Sunshinekim
    2022-04-18
    Sunshinekim
    Need to adopt tge growth investment strategyin turbulent times like this, I suppose! Hope tosee the silver lining in not too long a future!
  • DragonKC
    2022-04-18
    DragonKC
    Prepare for the worst, that the only option. 
  • TerLes
    2022-04-18
    TerLes
    Volatile- when ending ;(
  • Quicklearner
    2022-04-18
    Quicklearner
    Scary
  • PengJuay
    2022-04-18
    PengJuay
    Good!!!
  • Looyusooi
    2022-04-18
    Looyusooi
    Ok
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