Dow futures lift as rally continues, major tech earnings in focus
2023.07.30 19:48
© Reuters.
Investing.com – U.S. stock futures were trading higher during Sunday’s evening deals, after major benchmark averages posted their 3rd consecutive week of gains, each closing at 15-month highs as strong earnings results and easing inflation pressures boosted investor sentiment.
By 7:10pm ET (11:10pm GMT) , and increased 0.1%, 0.2% and 0.3% respectively.
Ahead in the week, market participants will be monitoring both and and PMIs, , and .
Earnings season is set also to continue, with quarterly results expected from Apple Inc (NASDAQ:), Amazon.com Inc (NASDAQ:), Advanced Micro Devices Inc (NASDAQ:), Uber Technologies Inc (NYSE:), Starbucks Corporation (NASDAQ:), PayPal Holdings Inc (NASDAQ:), Airbnb Inc (NASDAQ:) and Moderna Inc (NASDAQ:).
According to Refinitiv data, 78.7% of reporting companies have exceeded analyst expectations so far this season, well above the long-run average of 66%.
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During Friday’s trade, the added 176.6 points or 0.5% to 34,459.3, the lifted 44.8 points or 1% to 4,582.2 and the gained 266.6 points or 1.9% to 14,316.7.
On the bond markets, rates were at 3.958%.
