Alphabet Earnings on Tap as US Equity Futures Incur Narrow Losses Pre-Bell

MT Newswires Live10-29 20:17

US equity futures were cautiously lower Tuesday ahead of the release of quarterly earnings from technology giant Alphabet (GOOG, GOOGL).

The Dow Jones Industrial Average futures slipped 0.3%, S&P 500 futures declined 0.1%, and Nasdaq futures were little changed.

The Google parent is scheduled to report earnings after the closing bell, alongside payment technology company Visa (V) and chipmaker Advanced Micro Devices (AMD). Meanwhile, fast-food giant McDonald's (MCD) reported pre-bell Q3 adjusted earnings and revenue that topped analysts' estimates.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.1% at $71.78 per barrel and US West Texas Intermediate crude up 1.3% at $68.28 per barrel.

US trade in goods deficit, scheduled for release at 8:30 am ET, is seen widening to $95.9 billion in September from $94.22 billion previously, according to estimates compiled by Bloomberg.

The Federal Housing Finance Agency House Price index, slated for 9 am ET, is seen edging 0.1% higher in August to match the prior month's increase.

The Consumer Confidence index, due at 10 am ET, is seen rising to 99.5 in October from 98.7 previously. Forecasters see job openings based on the Labor Department's Job Openings and Labor Turnover Survey coming in at 7.9 million for September following an 8 million rate in August.

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