US pre-open: Futures higher ahead of earnings

28th Oct 2024 10:43

(Sharecast News) - Wall Street futures were in the green ahead of the bell on Monday as market participants prepared for a week jam-packed with Q3 earnings.

As of 1230 GMT, Dow Jones futures were up 0.34%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.46% and 0.61% firmer, respectively.

The Dow closed 259.96 points lower on Friday as the blue-chip index snapped a six-week winning streak.

Earnings will again be in focus this week as five of the so-called "Magnificent Seven" will report quarterly numbers before the week is out, with figures due from Alphabet, Microsoft, Meta Platforms, Amazon and Apple.

Both 5 November's presidential election and news that weekend airstrikes by Israel against Iran had not targeted oil or nuclear facilities as initially feared were also drawing an amount of investor attention.

The yield on the benchmark 10-year Treasury note was also higher ahead of the open, up slightly more than one basis point at 4.258%, while its two-year counterpart was marginally lower at 4.118%.

On the macro front, the Dallas Federal Reserve's October manufacturing index will be published at 1430 GMT.

Reporting by Iain Gilbert at Sharecast.com