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Stock futures rose a big week ago for profit



US stock futures are trading higher to start the new week, which will be loaded with key earnings reports.

Major futures indexes rose 0.4 percent when Monday’s Wall Street session began.

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Several issues could affect market direction, including tensions between the United States and China, coronavirus cases and a number of corporate revenue reports.

Investors are preparing for the busiest week of the second quarter earnings season. A dozen of Dow Industrial̵

7;s 30 companies are prepared to report, along with 179 companies in the S&P 500, or more than a third of the benchmark index. Among the names announced during the week will be Facebook on Wednesday, followed by Apple, Amazon and Google on Thursday.

In Europe, London’s FTSE fell 0.1 percent, Germany’s DAX added 0.5 percent and France’s CAC changed slightly.

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In Asian markets, the Nikkei in Tokyo fell 0.2 percent, Hang Seng in Hong Kong lost 0.4 percent and China’s Shanghai Composite Index rose 0.3 percent.

Investors were alarmed last week by the latest US-China diplomatic feud. Last week, the Trump administration told Beijing to close its consulate in Houston. China responded by ordering the closure of the US consulate in the southwestern city of Chengdu.

Gold jumped $ 38.10 to a record $ 1935.80 an ounce as investors sought safe havens to park money.

On Friday, the Wall Street S&P 500 index lost 0.6 percent, the Dow Jones Industrial Average fell 0.7 percent and the Nasdaq fell 0.9 percent.

pendulum Security last change Change%
Me: DJI HAPPEN HAPPEN 26469.89 -182.44 -0.68%
SP500 S&P 500 3215.63 -20.03 -0.62%
I: COMP NASDAQ COMPOSITE INDEX 10363.177069 -98.24 -0.94%

Investors are also worried about the increase in layoffs in the United States, as acute coronavirus infections lead to the closure of more businesses. Additional unemployment benefits expire this week. Congress has yet to agree on more economic aid.

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In the energy markets, the standard US commodity was reduced by 14 cents to 41.16 dollars per barrel in e-commerce on the New York Mercantile Exchange. The contract rose 22 cents on Friday to settle at $ 41.29. Crude Brent, used for international oil prices, lost 13 cents to $ 43.21 a barrel in London.

The Associated Press contributed to this article.


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