US stock futures were mostly flat Sunday as investors awaited the release of more corporate earnings reports, which could determine if the market continues its upward trajectory. Despite recent record highs, concerns about a tight presidential election, rising Treasury yields and geopolitical tensions remain.
Stock futures were little changed in overnight trading Sunday as investors waited to assess whether the next batch of key corporate earnings could power the market to more records.
Futures on the Dow Jones Industrial Average traded neat the flatline. S&P 500 index futures were flat, while Nasdaq-100 futures dipped 0.1%. The bond market is closed on Columbus Day, but the stock market is open as usual.kicked off the third-quarter earnings season on a high note with strong results and their stocks rallied. The early signs of a recovery in banking profits helped push the broader market to all-time highs at the end of last week.
But despite any headwinds,"he Big 4 macro tailwinds are all still in place and they're powerful enough to overcome rich valuations and geopolitical risks, keeping the SPX on an upward trajectory," Adam Crisafulli, founder of Vital Knowledge, said in a note Sunday. The S&P 500 has gained nearly 22% this year, excluding reinvested dividends. Treasury yields have risen lately too, with the benchmark 10-year note yield, used to calculate everything from mortgages to auto loans, topping 4.1% last week.
Parents who do these 5 things raise kids who are more resilient than most: ‘Let them learn from failure,' pediatrician saysOn the data front, September retail sales and Sept. industrial production figures are out Thursday, followed by Sept. housing starts and building permits Friday.Feeling out of the loop? We'll catch you up on the Chicago news you need to know.
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