Dow futures fall, corporate results and Federal Reserve meeting in focus
In regular trading Monday, the Dow Jones Industrial Average and the S & P 500 each recorded their sixth record close of the year, rising 0.6% and 0.8%, while the Nasdaq Composite Index rose 1.1%。
On the eve of the upcoming Fed policy meeting, investors are taking a closer look at the latest round of corporate earnings, with U.S. stock futures showing a neutral trend on Monday night。
Dow futures down 0 as of 6: 20 p.m. EST (11: 20 GMT).1%, S & P 500 futures unchanged, Nasdaq 100 futures up 0.1%。
Nucor Corp up 1 in after-hours trading.3% and reported earnings per share of 3.$16, more than expected 2.$93 on revenue of $7.7 billion, slightly above expectations of $75.$700 million; Super Micro Computer Inc. (reported EPS of 5.59 dollars, more than expected 4.$51 on revenue of 36.$600 million, more than expected $2.8 billion, shares up 10.4%。
Alexandria Real Estate Equities Inc Down 0.4%, loss per share 0.$54, slightly below expectations of 0.$56 on revenue of 7.$57.2 billion, slightly above expectations of 7.$401.6 billion; Graco Inc down 1.3%, 0 EPS.$8, slightly above expectations of 0.$79 on revenue of 56.$6.6 billion, slightly above expectations of 56.$29.8 billion。
In regular trading Monday, the Dow Jones Industrial Average and the S & P 500 each recorded their sixth record close of the year, rising 0.6% and 0.8%, while the Nasdaq Composite Index rose 1.1%。
The market surged late Monday as the U.S. Treasury announced plans to borrow less in the first quarter than previously expected, largely due to an expected increase in net fiscal flows and a stronger opening-quarter cash balance.。
Upcoming earnings reports from Microsoft Corp. and Alphabet Inc are also high-profile。These companies, known as the "Big Seven," played an important role in driving the S & P 500 up with their strong performance.。Amazon Inc, Meta Platforms Inc and Apple also plan to report quarterly earnings later this week.。
In addition to technology companies, General Motors and United Parcel Service are some of the big names that are about to report earnings before the market opens on Tuesday, while Starbucks Corp. will announce earnings after the market closes.。
Investors will also focus on Tuesday's release of economic statistics on housing, the labor market and consumer confidence in preparation for Wednesday's monetary policy decision and press conference.。
U.S. 10-year Treasury yields 4.075%。
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