To kick off a busy week for corporate earnings, the Dow Jones Industrial Average futures increased on Monday.
Blue-chip index-related futures increased 127 points, or 0.4%. S&P 500 futures increased by 0.2%, while Nasdaq-100 futures fluctuated between flat and up.
With 11% of the S&P 500 expected to report results this week, the earnings season is heating up. This week’s significant companies include Tesla, Netflix, Bank of America, and Johnson & Johnson. Before Monday’s market opens, Charles Schwab will release its results.
After a strong start to the reporting period, those results will be released. Following the release of their most recent quarterly results on Friday, JPMorgan Chase, Wells Fargo, and UnitedHealth all increased.
As rates and oil prices rise, inflation stays sticky, and violence breaks out in the Middle East, some on Wall Street are preparing for increased volatility through year’s end. However, according to Barclays analyst Ajay Rajadhyaksha, concentrating on earnings and what the Federal Reserve will do with interest rates can provide investors hope in the near future.
Source (CNBC)
