Investors looked to start a strong start to the week, stock futures were largely flat on Monday evening.
Futures of the Dow Jones industrial average decreased by 4 points or 0.1%. S & P 500 futures and Nasdaq 100 futures decreased by less than 0.1%.
This move came after a solid start to the week on wall street. On Monday Nasdaq increased 2.01%. S & P 500 and Dow Jones led with an increase of 1.19% and 0.76% respectively.
The gains have come even though the start of the earning season was not great and there are signs that the U.S. economy is slowing.
“It is possible that for this quarter, for Q4, we could see some upside surprises because the economy was holding up well,” Angelo kourkafas said.
“However, the focus will be on kind any of guidance and outlook, and the leading economic indicator and market indicators that we look at are all pointing toward the same thing- that a slowdown and a weakening of the economy is coming”
General electrics Johnson & Johnson and Verizon are among the companies who reported earnings before the opening of the stock market on Tuesday.
Zions shares decreased more than 2%. Per share earnings reported by Zions is $1.84,
analysts expected $1.86.
Non Interest incomes were lower than expected, and the deposits fell 13% year over year to $71.7 billion.
Shares of Zion increased 2.27% in the trade on Monday before the release of earnings.
The S & P 500 in 2022 never hit the optimum level because it was in a downtrend.
On Monday the futures opened a little differently. After a significant increase during regular trading time. Large-cap earnings reported were zero.
Dow Jones increased 254 points or 0.76%.
S & p 500 increased by 47 points which are 1.19%.
Nasdaq Composite increased 224 points which are 2.01%.
Nvidia had a huge impact on Nasdaq, adding 36 points.
- Published By Team Nation Press News