[ad_1]
U.S. stock futures treaded water with record gains on Tuesday and came to a halt as focus shifted to the day’s earnings streams for insight into the health of U.S. companies and the economy.
Dow Jones Industrial Average (^DJI) futures were little changed after the blue-chip index topped 38,000 for the first time on Monday. S&P 500 Index futures (^GSPC) hovered around a flat line, holding near record closes, while futures for the tech-heavy Nasdaq 100 Index (^NDX) were also flat.
Stocks have rebounded from an early January slump in recent days as investors increasingly accept the view that the Federal Reserve could pull off a “soft landing” for the U.S. economy. . These hopes are supported by data showing resilience in the face of higher-than-usual interest rates.
read more: Impact of the Fed’s interest rate hike suspension on bank accounts, CDs, loans, and credit cards
With earnings season in full swing, markets are now looking to fourth-quarter results for inspiration, although key GDP and inflation statistics are still days away.
In front of the bell, there is a lineup of major companies such as 3M (MMM) and Johnson & Johnson (JNJ). After the market close, all eyes will be on Netflix’s (NFLX) earnings as an early hint at the tech company’s performance and a signpost of where the broader stock market is headed.
United Airlines’ (UAL) stock rose 7% in Tuesday’s premarket after its 2024 earnings outlook was positive. Shares of other airlines, including Delta Air Lines (DAL) and American Airlines (AAL), rose on the forecast even as United Airlines warned of the impact of the grounding of its Boeing 737 Max 9 planes.
For the latest stock market news and in-depth analysis of price-moving events, click here.
Read the latest financial and business news from Yahoo Finance
[ad_2]
Source link
