Futures Lower Ahead Of Earnings Slate
  • 2 years ago
Inflation woes, a new slate of earnings reports, faltering tech shares, and rising oil prices hammered the U.S. stock index futures market on Monday. Facebook ($FB@US), Alphabet ($GOOGL@US), Microsoft ($MSFT@US), Amazon ($AMZN@US), Intel ($INTC@US), and Advanced Micro Device ($AMD@US), all fell at least a tenth of a percent, with some falling as much as seven-tenths of a percent. Even Disney ($DIS@US) stock fell, dropping 1.6% after it was downgraded to equal weight. Earnings reports from Johnson & Johnson ($JNJ@US), Travelers ($TRV@US), Netflix ($NFLX@US), Verizon ($VZ@US), and more could cause wild fluctuations in the market this week. Conversely, Exxon Mobil ($XOM@US) and Chevron ($CVX@US) rose more than half a percent in early trading while Brent crude reached its highest price since October 2018.
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