Stock futures were flat in overnight trading after a new month of trading kicked off for the markets
Despite the stock move, Pinterest missed estimates for the second quarter on the top and bottom lines, Monthly active users for the period came in 2 million above estimates.Futures tied to the Dow Jones Industrial Average inched 0.3%, or 10 points lower, while S&P 500 futures and Nasdaq 100 futures dipped 0.04% and 0.01%, respectively.
Despite a strong market bounce in July, to be sure, not all investors are convinced the pain is over.."... I think it was awesome the way the markets traded in July, but I think we're not through any type of capitulation. The headwinds are just too rampant.slated for release Friday for further clues into the state of the economy and the job market. More earnings data is due out Tuesday with reports from Starbucks, PayPal, Caterpillar, Advanced Micro Devices and more.
This by no means is an indication of the top of the market and equities could squeeze higher, but it is an opportunity to reallocate exposure after last month's strong market rally, Lerner added.shares popped more than 21%
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