Stock futures are little changed as Wall Street awaits labor data and more earnings: Live Update.
Traders work on the floor of the New York Stock Exchange during morning trading in New York City.
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Stock futures were muted Monday night as investors braced for employment data and closely followed corporate earnings releases.
Dow Jones Industrial Average Futures added just 13 points, sitting just above the flat. S&P 500 futures And Nasdaq 100 futures Both were slightly modified.
Ford Motor The automaker slid more than 5% after providing full-year guidance that was at the low end of a previously set range. On the other hand, the answer is guardian VF Corporation Jumped 22% after posting better-than-expected results.
The moves come after a winning session on Wall Street for all three major indexes. Notably, blue-chip Dao A five-day losing streak broke, while tech-heavy Nasdaq Composite It marked the eighth positive session of the last nine.
Stock investors appeared to welcome the fall in oil prices, which did not hit energy facilities as some had expected after Israeli airstrikes on Iran over the weekend. But equity gains were limited as treasury yields continued to rise.
“On the one hand, the macro situation is very favorable right now: resilient growth, deflation, stimulus and then relatively healthy earnings,” Vital Knowledge founder Adam Crisfulli said on CNBC's “Closing Bell: Overtime.” “But you have expensive stocks, and then you have this yield dynamic that's acting as a headwind.”
Traders will be keeping an eye on major company earnings reports from Tuesday as the busiest week of this earnings season continues. Pfizer And McDonald's Will post results before hours, then the alphabet, Snap, Reddit, Chipotle And Advanced micro devices After the market closes.
On the economic front, investors will monitor job openings and labor turnover data in the morning, the first of several reports this week that will provide insight into the strength of the job market. Elsewhere, housing prices and consumer confidence figures are also expected on Tuesday.