financetom
Market
financetom
/
Market
/
Earnings-Heavy Week Looms, Driving Premarket Losses for US Equity Futures
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Earnings-Heavy Week Looms, Driving Premarket Losses for US Equity Futures
Oct 21, 2024 6:44 AM

09:03 AM EDT, 10/21/2024 (MT Newswires) -- US equity futures dropped Monday premarket ahead of a busy week of quarterly updates from Corporate America.

Dow Jones Industrial Average futures slipped 0.1%, S&P 500 futures declined 0.3%, and Nasdaq futures were down 0.5%.

Technology firms Amazon ( AMZN ) and Tesla (TSLA) are some of the highlights for this week's earnings slate.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.5% at $74.14 per barrel and US West Texas Intermediate crude 1.8% higher at $69.90 per barrel.

The US index of leading economic indicators, scheduled for release at 10 am ET, is seen dropping by 0.3% in September following a 0.2% downtick in the previous month, according to estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei closed 0.07% lower, Hong Kong's Hang Seng ended 1.6% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, UK's FTSE 100 declined 0.3% and Germany's DAX 30 index fell 0.8%, while France's CAC 40 also was down 0.8% and Spain's IBEX 35 was off 0.5% in Europe's early afternoon session.

In equities, Siyata Mobile ( SYTA ) shares surged 143% pre-bell after the company said that T-Mobile (TMUS) will start offering the company's mission-critical push-to-talk 5G cellular radio handsets.

On the losing side, ServiceNow ( NOW ) shares fell 1.6% after Morgan Stanley downgraded the stock to equalweight from an overweight rating.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Stock Market Today: Stocks Fall After Hawkish Fed Minutes
Stock Market Today: Stocks Fall After Hawkish Fed Minutes
May 22, 2024
Stocks were slow to get off the mat Wednesday as market participants sifted through several earnings reports from major retailers and looked ahead to tonight's quarterly results from AI giant Nvidia ( NVDA ) .  Not helping matters was a hawkish tone in the minutes from the Federal Reserve's May policy meeting, which kept pressure on stocks through the close....
Fed Meeting Minutes Drag Equity Markets Lower
Fed Meeting Minutes Drag Equity Markets Lower
May 22, 2024
05:18 PM EDT, 05/22/2024 (MT Newswires) -- US benchmark equity indexes fell Wednesday after minutes from the Federal Reserve's May policy meeting indicated concerns among participants regarding a lack of progress on their inflation target. The Dow Jones Industrial Average fell 0.5% to 39,671. The S&P 500 dropped 0.3% to 5,307, while the Nasdaq Composite lost 0.2% to 16,801.5, both...
Fed Meeting Minutes Drag Equity Markets
Fed Meeting Minutes Drag Equity Markets
May 22, 2024
04:35 PM EDT, 05/22/2024 (MT Newswires) -- US benchmark equity indexes fell Wednesday after minutes from the Federal Reserve's May policy meeting indicated concerns among participants regarding a lack of progress on their inflation target. The Dow Jones Industrial Average slipped 0.5% to 39,671. The S&P 500 dropped 0.3% to 5,307, while the Nasdaq Composite lost 0.2% to 16,801.5, both...
US STOCKS-Stocks fall after Fed minutes; Nvidia shares climb after the bell
US STOCKS-Stocks fall after Fed minutes; Nvidia shares climb after the bell
May 22, 2024
* Nvidia ( NVDA ) shares fall ahead of results; stock gains after the bell * Minutes show fed officials hopeful for cooling inflation * Target ( TGT ) shares lower after weak results * Indexes off: Dow 0.51%, S&P 0.27%, Nasdaq 0.18% (Updates to 5:20 p.m. ET) By Chuck Mikolajczak NEW YORK, May 22 (Reuters) - U.S. stocks fell...
Copyright 2023-2024 - www.financetom.com All Rights Reserved