Stock Index Futures Tick Higher as Investors Shift Focus to Earnings
From Nasdaq:
March S&P 500 E-Mini and Nasdaq 100 E-Mini futures are up this morning as investors anticipate corporate earnings, particularly from Netflix. Wall Street ended Monday in the green, with Western Digital and SolarEdge rising, while NuStar Energy agreed to an acquisition. On the downside, Gilead Sciences and Advanced Micro Devices saw declines. U.S. economic data showed a small decline in the leading economic index for December. Investors are awaiting earnings from major global companies today and economic data on the U.S. Richmond Manufacturing Index. The Euro Stoxx 50 futures are down as investors anticipate the European Central Bank’s meeting. Asian stock markets closed mixed, with China’s Shanghai Composite Index up following news of a new market rescue package and China’s gaming regulator removing proposed restrictions on video game spending. Japan’s Nikkei 225 Stock Index closed lower after the Bank of Japan’s decision to maintain its interest rates. Pre-market U.S. stock movers include Vroom, United Airlines Holdings, B. Riley Financial, Coinbase, and Sirius XM Holding. Today’s U.S. earnings spotlight includes J&J, Procter&Gamble, Netflix, Verizon, Texas Instruments, General Electric, Intuitive Surgical, and more.
Investors are anticipating corporate earnings from Netflix, Johnson & Johnson, and other major global companies, while economic data on the U.S. Richmond Manufacturing Index is also awaited. In Asian markets, China’s Shanghai Composite Index closed higher following a new market rescue package announcement, while Japan’s Nikkei 225 Stock Index closed lower after the Bank of Japan’s interest rate decision. Pre-market U.S. stock movers include Vroom, United Airlines Holdings, and B. Riley Financial, with earnings spotlight on companies such as J&J, Procter&Gamble, Netflix, and Texas Instruments.
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