US Futures Down Ahead a Busy Ahead a Busy Earnings Week.
London, Monday, 18 April 2022
In Asian trade on Monday, US futures fell ahead of a busy week of earnings reporting, with big corporations expected to reveal recent corporate performance in the face of rising inflationary pressures.
Dow futures declined 0.4 percent, while S&P 500 and Nasdaq 100 futures both lost 0.7 percent and 1.1 percent.
Bank of America, along with other Dow blue-chip corporations like Procter & Gamble, American Express, and Verizon, will release quarterly results before the market starts on Monday.
This week, major technology companies will report results, with Netflix reporting on Tuesday, Tesla on Wednesday, and Snap on Thursday.
Investors will be looking for remarks on how corporations are dealing with rising costs in future guidance.
The moves came after the major averages ended another losing week, with the Nasdaq losing 2.6 percent, the S&P 500 dropping 2.1 percent, and the Dow losing 0.8 percent.
Meanwhile, following Elon Musk's $43 billion acquisition proposal, Twitter's board of directors devised a poison pill approach.
(Written and edited by: The Decision Maker)