Daily Stock Market News

Stock Futures Rise Ahead of Busy Earnings Day


U.S. stock futures rose as investors awaited another busy day for earnings and the outcome of this week’s Federal Reserve meeting. 

S&P 500 futures gained 0.5% Tuesday and Dow Jones Industrial Average futures were up 0.2%. The contracts do not necessarily predict movements after the markets open.

Europe stocks declined Monday after a three-session winning streak. The Stoxx Europe 600 shed 1.5% in morning trade. Consumer staples and energy sectors drove the losses while consumer discretionary sector rose. Other stock in Europe also mostly slipped as France’s CAC 40 lost 1.7% and Germany’s DAX was lower 1.1%.

The Swiss franc, the euro and the British pound fell 0.3%, 0.3% and 0.7% respectively against the U.S. dollar.

In commodities, international benchmark Brent crude was flat, at $107.53 a barrel. Gold was down 2.5% to $1,863.20 a troy ounce.

The yield on the benchmark 10-year Treasury note, which rises when bond prices fall, rose to 2.981% from 2.934% Tuesday. On Monday, it reached as high as 3.008% in the afternoon, as traders braced for the outcome of this week’s Federal Reserve meeting. The Fed’s latest policy-meeting minutes suggest it could raise rates by a half-percentage point Wednesday.

The yield on German 10-year bunds strengthened to 0.970% Tuesday from 0.944%.

In Asia, Japan’s Nikkei 225 index declined 0.1%.

Traders work on the floor of the New York Stock Exchange.



Photo:

BRENDAN MCDERMID/REUTERS

An artificial-intelligence tool was used in creating this article.

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



Read More: Stock Futures Rise Ahead of Busy Earnings Day

You might also like