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American stock futures pause at record peaks
On Friday, Wall Street futures actually pointed to a flat to lower start because American equities were brace for taking another breather at record peaks, with the Nasdaq reportedly intending to break a 10-day winning streak, which is its best outcome since February 2015. It’s because market participants are ready to price in big moves on earnings. They’re also awaiting a bunch of outcomes next week.
The blue-chip Dow futures declined 0.13%, the S&P 500 futures tumbled 0.05%, and the tech-heavy Nasdaq 100 futures sagged 0.13%.
With no key economic reports set for publication on Friday, investors paid attention to the ongoing flow of quarterly earnings, especially the outcomes of three Dow Jones components.
Visa Inc looked braced for leading the blue-chip index higher because equities reported profits of almost 2% in pre-market trade Friday right after the credit card company raised its earnings forecast because revenues beat estimates.
Tesla, Facebook and Microsoft have outperformed analysts’ forecasts and ramped up after earnings reports. How is it possible amid the coronavirus crisis?
Amazon's employees are unhappy with the virus protection in the company warehouses and will go for a nation-wide strike. Will that undermine the stock value?
Stocks, oil and GBP gain on risk-on sentiment
Investors weigh reopening economies against the growing US-China tension. Which impulse will be stronger?
Here you’ll find fresh news that drive the market today.