Bank earnings kick off on Tuesday with Citigroup, JPMorgan Chase and Wells Fargo all set to report before the opening bell.
U. S. stock futures moved higher in early trading and pointed to gains at the open on Tuesday, as investors eye earnings reports from some of the nation’s largest banks.
Dow futures rose 90 points. The S&P 500 and Nasdaq 100 futures rose 0.3% and 0.4%, respectively.
On Monday, the Dow Jones Industrial Average gave up a 500-point gain to end the day up 10 points. The S&P 500 ended the day down 0.95%, having earlier rallied 1% to briefly trade positive for the year. Monday marked the first time since early June that the S&P 500 traded positive year to date.
The Nasdaq Composite dipped 2.1%, pushed lower by losses in Netflix, Microsoft, Amazon and Facebook. The technology heavy index rose nearly 2% at its session high on Monday.
The Nasdaq-100, which is made up of the 100-largest nonfinancial companies in the Nasdaq Composite, briefly traded above 11,000 for the first time before falling 2.2%.
„I think what we’re seeing here is the ongoing push-pull between the rising cases of coronavirus verses the states reopening the economies and the market is grappling with the balance and how that will work out over time,“ Susan Schmidt, head of U.
