Stocks - U.S. Futures Muted Ahead of Goldman, Citi Earnings

Stocks - U.S. Futures Muted Ahead of Goldman, Citi Earnings

Stocks - U.S. Futures Muted Ahead of Goldman, Citi Earnings
Stock Market
Monday, April 15, 2019 - 10:41

Investing.com - U.S. futures pointed to a flat opening, as investors waited for earnings results from financial giants Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C).

With markets closed on Friday for the Easter holiday, trading is expected to be muted this week, even as earnings season kicks off. JPMorgan Chase & Co (NYSE:JPM) started off the first-quarter season with a bang on Friday when it posted record revenue and profit.

Dow futures rose 41 points or 0.2% by 6:40 AM ET (10:40 GMT), while S&P 500 futures gained half-a-point or 0.03% and the tech-heavy Nasdaq 100 futures was down one-and-a-half points or 0.02%.

Besides Goldman and Citi, Charles Schwab (NYSE:SCHW) and M&T Bank (NYSE:MTB) are also expected to report before the morning bell.

Western Digital (NASDAQ:WDC) was among the top gainers in premarket trading, rising 2.3%, while Micron (NASDAQ:MU) gained 0.8% and Nike (NYSE:NKE) gained 0.8%.

Elsewhere, Boeing (NYSE:BA) inched down 0.1% after news that American Airlines has joined Southwest in cancelling all 737 Max 8 flights over the summer. Walt Disney (NYSE:DIS) slipped 0.1% while Wells Fargo (NYSE:WFC) fell 1.3% after the bank lowered its outlook for net interest income on Friday.

On the economic front, Chicago Fed President Charles Evans speaks on CNBC at 8.30 AM ET (12:30 GMT), while Empire State manufacturing data is also out at the same time.

In commodities, gold futures fell 0.4% to $1,289.45 a troy ounce, while crude oil slumped 0.9% to $63.34 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, slipped 0.1% to 96.48.

© Reuters.
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