Dow Jones Industrial Average Futures The 30-stock index rose on Tuesday, as the 30-stock benchmark appeared to snap a six-day losing streak as attention turned to the latest batch of corporate earnings.
Dow Jones futures added 209 points, or 0.6%. Standard & Poor's 500 futures And Nasdaq 100 futures They both blinked around flat.
UnitedHealth Shares rose more than 7% premarket on the back of better-than-expected first-quarter revenue. Johnson & JohnsonAnother member of the Dow Jones posted mixed quarterly results, sending stocks slightly lower.
Morgan Stanley It jumped about 3% before the bell after beating analysts' expectations on both lines. Although expectations were also exceeded on both lines, American bank It is trading near its flat line.
The largest US companies gave Wall Street a reason for optimism at the start of the new corporate earnings season. Of the less than 10% of companies in the S&P 500 that reported financials, roughly four in five beat Wall Street estimates, according to FactSet.
Wall Street is coming off a volatile day for the 30 stocks DaoSixth straight losing session for – longest negative streak since June. The leading index erased most of its gains in 2024, a major reversal considering that just weeks ago it approached the key level of 40,000 points. the Standard & Poor's 500 And Nasdaq Composite Each Monday closed down more than 1%.
These losses come in the wake of a rise in revenues, with Treasury for 10 yearsIt tops out at 4.6%, its highest level dating back to November.
Elsewhere, investors are concerned about rising tensions in the Middle East after Iran fired missiles and drones at Israel on Saturday. the CBOE Volatility Indexwhich is commonly referred to as a fear gauge, closed at its highest point since October.
However, some market watchers urged investors to stay calm and stay the course, saying a resilient economy and strong labor market could continue to support stocks.
“We won't see a sustained decline in the US stock market until we have an earnings problem, which we don't have now, and a labor market cracks, which we don't have now,” said Lauren Goodwin, head of the market. The New York Life Investments strategist told CNBC's “Closing Bell” on Monday. “I suspect the tension we're seeing is a result of us saying, 'Yes, valuations are high. There's a lot of uncertainty.' “This has been true for months.”
