US stock futures traded in a mixed fashion Monday, at the start of a week that includes several major corporate earnings as well as comments from a series of Fed officials.
By 03:50 ET (08:50 GMT), the Dow futures contract was down 135 points, or 0.3%, while S&P 500 futures gained 8 points, or 0.1%, and Nasdaq 100 futures rose by 145 points, or 0.7%.
The three main indices retreated last week, falling back from the recent highs seen in the wake of Donald Trump’s election win after Fed chief Jerome Powell warned that the US central bank was not “in a hurry” to cut interest rates further.
Nvidia’s earnings will be in the spotlight this week [see above], but there are also results due from the likes of Walmart (NYSE:WMT) and Lowe’s Companies (NYSE:LOW), which will give fresh insights into the strength of consumer spending.
So far, with 93% of S&P 500 companies reporting results, three-quarters of them have reported a positive EPS surprise and 61% have reported a positive revenue surprise, according to data from FactSet.
Investors will also get the chance to hear from several Federal Reserve officials, including Chicago Fed President Austan Goolsbee, Kansas Fed President Jeffrey Schmid and Cleveland Fed President Beth Hammack.
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