A trader works connected the level of the New York Stock Exchange during greeting trading connected Aug. 23, 2024.
Michael M. Santiago | Getty Images
Stock futures were level successful overnight trading aft the Dow Jones Industrial Average snapped a three-day winning streak.
Futures tied to the Dow edged down 37 points. S&P 500 futures inched little by little than 0.1%, portion Nasdaq-100 futures slipped 0.1%.
During Monday's trading session, the 30-stock Dow fell much than 344 points, oregon 0.8%, aft 3 consecutive winning sessions. The S&P 500 declined astir 0.2%, portion the Nasdaq Composite added adjacent to 0.3%. Elsewhere, the output connected the 10-year Treasury note surged astir 12 ground points to 4.19%.
Investor attraction remains fixated connected third-quarter net season, with astir one-fifth of the S&P 500 slated to study results this week. Zions Bancorporation popped astir 3% aft the doorbell Monday connected beardown earnings, portion SAP SE gained astir 4% aft lifting its guidance.
So far, astir 14% of companies successful the wide scale person reported results, with much than 7 retired of 10 topping net estimates, according to FactSet.
While it is aboriginal successful the season, immoderate connected Wall Street person raised concerns that the barroom whitethorn beryllium excessively precocious for firm America. Despite a caller dialing backmost successful expectations, Megan Horneman, main concern serviceman astatine Verdence Capital Advisors, thinks 2025 estimates look unrealistic.
"It is bully to spot analysts getting realistic astir 2025 net growth," she said. "However, astatine 15% net growth, we judge it is inactive excessively optimistic fixed the anticipation for slower economical maturation successful 2025."
She added that commentary connected involvement rates and penetration into ostentation and the system volition stay apical of caput for investors this season.
The reporting play picks up Tuesday with results from 3M, Lockheed Martin, General Motors and Verizon. Tesla, IBM and Boeing are connected platform aboriginal successful the week.
These are the stocks connected the determination successful overnight trading
Here are the companies making the biggest moves during overnight trading Monday:
- Nike — Shares added little than 1% aft the sneaker elephantine and athletics apparel company renewed its azygous partnership with the NBA and WNBA.
- Zions Bancorporation — The determination slope banal roseate 4% connected stronger-than-expected third-quarter results.
- Nucor — The alloy accumulation institution declined much than 2% contempt posting adjusted net and gross that topped expectations successful the 3rd quarter.
Read the afloat database here.
— Samantha Subin
Stock futures unfastened small changed
Stock futures opened small changed Monday evening.
Futures tied to the Dow edged up 8 points, portion S&P 500 futures and Nasdaq-100 futures hovered adjacent the flatline
— Samantha Subin
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