Dow Futures Lift as Solid Earnings Boost Sentiment
2022.10.17 21:12
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© Reuters.
By Oliver Gray
Investing.com – U.S stock futures were trading higher during Monday’s evening deals, after major benchmark indices rallied during regular trade as solid earnings results from major financial companies boosted sentiment.
By 7:05pm ET (11:05pm GMT) were up 0.6% while and lifted 0.7% apiece.
In extended deals, Marten Transport (NASDAQ:) fell 2.8% after the company Q3 EPS of $0.32, just below expectations of $0.34, while revenue was reported at $324.4 million versus $322.11 million expected.
In Tuesday’s session, market participants will be focused on earnings results from Goldman Sachs Group Inc (NYSE:), Netflix Inc (NASDAQ:), Johnson & Johnson (NYSE:), and United Airlines Holdings Inc (NASDAQ:). Meantime, fresh data will also be closely watched.
During Monday’s regular trade, the gained 551 points or 1.9% to 30,185.8, the lifted 2.7% to 3,678 and the rallied 354.4 points or 3.4% to 10,675.8.
Among reporting companies, Bank of America Corp (NYSE:) rose 6.1% after the company EPS of $0.81 versus $0.78 expected on earnings of $245 billion versus $23.56 billion expected, while Bank of New York Mellon (NYSE:) gained 5.1% after EPS of $1.21 versus $1.1 expected with revenues coming in at $4.28 billion versus $4.2 billion expected.
On the bond markets, rates were hovering near 14-year highs at 4.012%.
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