U.S. stock futures edged higher Tuesday on hopes a raft of corporate earnings results will help markets break out of a recent rut.
What’s happening On a quiet Monday with several international markets shut, the Dow Jones Industrial Average DJIA fell 40 points, or 0.11%, to 34412, the S&P 500 SPX declined 1 point, or 0.02%, to 4392, and the Nasdaq Composite COMP dropped 19 points, or 0.14%, to 13332.What’s happening On a quiet Monday with several international markets shut, the Dow Jones Industrial Average DJIA fell 40 points, or 0.11%, to 34412, the S&P 500 SPX declined 1 point, or 0.
Netflix shares have been hammered this year, skidding 44%, on investor concern about their subscription numbers. The average implied earnings move for S&P 500 companies based on options prices is plus or minus 4%, according to strategists at UBS. That’s a bit lower than the fourth quarter of 2021, but above the 10-year average, the strategists said.
The U.S. economics calendar including housing starts and a speech by Chicago President Charles Evans. The International Monetary Fund is due to release its world economic outlook, a day after the World Bank slashed its global growth forecast. The airlines sector will be in the spotlight as well after a federal judge halted the mask mandate on planes, a move that the industry championed.
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