US pre-open: Futures lower following Dow's record close

21st Oct 2024 12:33

(Sharecast News) - Wall Street futures were in the red ahead of the bell on Monday as Q3 earnings season gets set to pick up steam.

As of 1200 BST, Dow Jones futures were down 0.09%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.15% and 0.29% lower, respectively.

The Dow closed 36.86 points higher on Friday as the blue-chip index capped off a sixth-straight winning week with yet another all-time high.

Although market participants seemingly remain optimistic that US stocks can continue to deliver a solid performance, investors were also dialled in on heightened tensions in the Middle East and the upcoming US general election.

No major corporate earnings were slated for release on Monday, but Tesla, Coca-Cola, Boeing, T-Mobile, and IBM will all report their latest quarterly numbers before the end of the week.

On the macro front, September leading indicators will be out at 1500 BST, while Federal Reserve bankers Lorie Logan, Neel Kashkari, Jeffrey Schmid and Mary Daly were all slated to deliver speeches throughout the course of the day.

Reporting by Iain Gilbert at Sharecast.com