Stock futures flat in overnight trading ahead of key corporate earnings: Live updates

Stock futures were little changed in overnight trading on Sunday as investors waited to assess whether the next batch of key corporate earnings could power markets to further records.

Dow Jones Industrial Average futures traded flat to flatline. S&P 500 index futures were flat, while Nasdaq-100 futures fell 0.1%. Bond markets are closed on Columbus Day, but stock markets are open as usual.

JPMorgan Chase and Wells Fargo opened the third-quarter earnings season with strong results and their stocks rose. Early signs of a recovery in banking profits helped push the broader market to all-time highs late last week. The S&P 500 closed above 5,800 for the first time, while the blue-chip Dow hit an all-time high.

Bank of America, Goldman Sachs and Johnson & Johnson report their latest results before markets open on Tuesday, while Morgan Stanley and United Airlines are set to release results on Wednesday. Walgreens Boots Alliance, Netflix And Procter & Gamble Also scheduled to post earnings this week.

Despite markets climbing to new highs, investors remain concerned amid a closely contested presidential election in three weeks, a sharp rise in Treasury yields, uncertainty about the pace of Federal Reserve policy easing and heightened geopolitical risks in the Middle East.

But despite any dizziness, “[t]”The Big 4 macro tailwinds (stimulus, resilient growth, deflation, and healthy corporate performance) are all still in place and are strong enough to overcome rich valuations and geopolitical risks, keeping the SPX on an upward trajectory,” Adam Crisfulli, founder of Critical Insights, said on Sunday in a said the note.

The S&P 500 has gained about 22% this year, excluding reinvested dividends. Treasury yields have risen lately, with the yield on the benchmark 10-year note, which is used to calculate everything from mortgages to auto loans, topping 4.1% last week.

On the data front, September retail sales and September industrial production figures are released on Thursday, followed by September housing starts and building permits on Friday.