Yahoo Finance Stocks- U.S. Futures Flat as Investors Look to Earnings
Investing.com – U.S. futures were flat as investors turn their focus to corporate earnings.
The S&P 500 futures fell half a point or 0.02% to 2,802.75 as of 6:49 AM ET (10:49 GMT) while Dow futures increased eight points or 0.03% to 25,012.0. Meanwhile tech heavy Nasdaq 100 futures gained six points or 0.08% to 7,399.25.
U.S. President Donald Trump wraps up his European tour on Monday with a one-on-one meeting with Russian President Vladimir Putin in Helsinki. Geopolitical analysts expect Putin to urge Trump to soften sanctions, while Trump has said he will discuss allegations of meddling in the 2016 election to the war in Syria.
Meanwhile earnings season continues in earnest on Monday, with Blackrock (NYSE:BLK) reporting higher than expected earnings results. Bank of America (NYSE:BAC) was up 0.53% after its financial results came in better than expected.
Netflix (NASDAQ:NFLX) is set to release its financial results after markets close. The streaming site rose 1.10% while Facebook (NASDAQ:FB) was up 0.24% and General Electric (NYSE:GE) inched up 0.36%. Microsoft (NASDAQ:MSFT) gained 0.47% and Cisco Systems (NASDAQ:CSCO) increased 0.34%.
Elsewhere Tesla (NASDAQ:TSLA) fell 0.90% as the luxury car maker announced its Model 3 is available for sale in all of North America, with expected delivery in one to three months.
In economic news, retail sales are set for 8:30 AM ET (12:30 GMT) while the New York Empire State Manufacturing Index comes out at the same time.
In Europe stocks were mostly down. Germany’s DAX rose 13 points or 0.10% while in France the CAC 40 decreased nine points or 0.18% and in London, the FTSE 100 fell 54 points or 0.71%. Meanwhile the pan-European Euro Stoxx 50 lost three points or 0.10% while Spain’s IBEX 35 inched down 18 points or 0.19%.
In commodities, gold futures rose 0.18% to $1,243.40 a troy ounce while crude oil futures decreased 1.83% to $68.67 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was down 0.14% to 94.31.
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