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US Equity Futures Trend Down on Anxieties Over Earnings
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US Equity Futures Trend Down on Anxieties Over Earnings
Oct 22, 2024 12:06 PM

06:57 AM EDT, 10/22/2024 (MT Newswires) -- Wall Street futures pointed downward pre-bell Tuesday amid anxiety about upcoming earnings reports by blue-chip firms.

In the futures, the S&P 500 fell 0.41%, the Nasdaq declined 0.54% and the Dow Jones was off 0.34%.

Asian exchanges traded mostly lower overnight, while European bourses tracked downward midday on the continent.

Among the big companies reporting quarterly earnings in today's premarket are GE Aerospace (GE), Danaher (DHR), Philip Morris International (PM), Verizon Communications (VZ), RTX (RTX), and Lockheed Martin (LMT).

On the economic calendar, Federal Reserve Bank of Philadelphia President Patrick Harker is scheduled to speak Tuesday, possibly offering clues on whether or when the US central bank may lower interest rates. The American Petroleum Institute is also set to release its weekly report on US crude oil, petrol, and distillate inventory levels.

In premarket action, Bitcoin traded at $66,970, West Texas Intermediate crude oil traded 1% higher at $71.29, and 10-year US Treasuries offered 4.2%. Spot gold was trading for $2,737 an ounce, after trading near or at an all-time record high.

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