U.S. Stock Futures Mostly Higher Ahead of Earnings Reports
  • 2 years ago
U.S. stock futures traded mostly higher in early pre-market trade after the Nasdaq dropped more than 80 points in the previous session. Investors are awaiting earnings results from Pfizer ($PFE@US), Centene Corporation ($CNC@US), and Chipotle Mexican Grill ($CMG@US). The international trade report for December will also be released this morning. Analysts expect a deficit of more than $83 billion for total goods and services traded in December versus a deficit of just over $80 billion the previous month. Futures for the Dow Jones Industrial Average jumped 74 points, while the S&P 500 index futures gained 6 points. Futures for the Nasdaq index rose 4.75 points. The U.S. has the highest number of Covid-19 cases and deaths in the world, with total infections in the country exceeding 78 million and deaths topping 900,000. India reported a total of at least 42 million confirmed cases, while Brazil confirmed over 26 million cases. The Covid-19 pandemic continues to influence almost all aspects of the economy, especially commodity futures markets, due to the disruption risk of global supply chains.
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