U.S. stock-index futures are lower as investors returned from the holiday weekend in cautious mood amid earnings reports shedding more light on consumers, with crucial earnings still to come from AI-darling Nvidia.How are stock-index futures trading
S&P 500 futures
ES00,
-0.35%
dipped 15 points, or 0.3% to 5004
Dow Jones Industrial Average futures
YM00,
-0.35%
fell 128 points, or 0.3% to 38,569
Nasdaq 100 futures
NQ00,
-0.41%
eased 67 points, or 0.3% to 17676
On Friday, the Dow Jones Industrial Average
DJIA
fell 145 points, or 0.37%, to 38628, the S&P 500
SPX
declined 24 points, or 0.48%, to 5006, and the Nasdaq Composite
COMP
dropped 131 points, or 0.82%, to 15776. The stock market was closed on Monday for Presidents’ Day.
What’s driving markets News of a $35 billion credit card merger and softness in Treasury yields were positive factors early Tuesday, but a holiday-shortened week that is full of potential catalysts was nevertheless starting on a muted note. The first issue for investors to consider are the earnings on Tuesday of big retailers Walmart
WMT,
+0.63%
and Home Depot
HD,
+0.35%,
which may give clues to the confidence of U.S. households, a crucial sentiment-gauge given consumption accounts for roughly 70% of the economy. Walmart shares were rising Tuesday after an earnings beat, though Home Depot shares were falling after a miss on certain measures, like same-store sales. Other companies announcing results on Tuesday before the opening bell include KBR
KBR,
+0.22%,
Medtronic
MDT,
-0.35%,
and LGI Homes
LGIH,
-2.80%,
followed after the close by Palo Alto Networks
PANW,
-0.13%,
Toll Brothers
TOL,
-1.92%,
Teladoc Health
TDOC,
-2.68%
and Matterport
MTTR,
.
Then Wednesday at 2 p.m. Eastern sees the release of the Federal Reserve’s minutes from its January 31 meeting, from which traders will try to glean any fresh guidance to the likely timing of interest rate cuts. An …
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S&P 500 futures
ES00,
-0.35%
dipped 15 points, or 0.3% to 5004
Dow Jones Industrial Average futures
YM00,
-0.35%
fell 128 points, or 0.3% to 38,569
Nasdaq 100 futures
NQ00,
-0.41%
eased 67 points, or 0.3% to 17676
On Friday, the Dow Jones Industrial Average
DJIA
fell 145 points, or 0.37%, to 38628, the S&P 500
SPX
declined 24 points, or 0.48%, to 5006, and the Nasdaq Composite
COMP
dropped 131 points, or 0.82%, to 15776. The stock market was closed on Monday for Presidents’ Day.
What’s driving markets News of a $35 billion credit card merger and softness in Treasury yields were positive factors early Tuesday, but a holiday-shortened week that is full of potential catalysts was nevertheless starting on a muted note. The first issue for investors to consider are the earnings on Tuesday of big retailers Walmart
WMT,
+0.63%
and Home Depot
HD,
+0.35%,
which may give clues to the confidence of U.S. households, a crucial sentiment-gauge given consumption accounts for roughly 70% of the economy. Walmart shares were rising Tuesday after an earnings beat, though Home Depot shares were falling after a miss on certain measures, like same-store sales. Other companies announcing results on Tuesday before the opening bell include KBR
KBR,
+0.22%,
Medtronic
MDT,
-0.35%,
and LGI Homes
LGIH,
-2.80%,
followed after the close by Palo Alto Networks
PANW,
-0.13%,
Toll Brothers
TOL,
-1.92%,
Teladoc Health
TDOC,
-2.68%
and Matterport
MTTR,
.
Then Wednesday at 2 p.m. Eastern sees the release of the Federal Reserve’s minutes from its January 31 meeting, from which traders will try to glean any fresh guidance to the likely timing of interest rate cuts. An …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]