Wall Street eyes muted open as investors weigh earnings; chips, oil stocks fall
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
UnitedHealth falls after Q3 results
Johnson & Johnson down following results
Banks broadly gain after earnings
Boeing up after it lines up $35 bln in funds
Futures: Dow down 0.03%, S&P 500 up 0.02%, Nasdaq flat
Updated at 8:30 a.m. ET/1230 GMT
By Lisa Pauline Mattackal and Purvi Agarwal
Oct 15 (Reuters) - Futures pointed to a subdued open for Wall Street's main indexes on Tuesday, asinvestors tooka breather after a rally in the previous session and parseda mixed set ofquarterly results from companies such as UnitedHealth and Bank of America.
Losses in semiconductor companies and oil stocks also weighed on sentiment, withAI-darling Nvidia NVDA.O down 0.7% in premarket trading following a record high close on Monday, after a report the U.S. is considering limiting exports of advanced artificial intelligence chips from the company and other U.S. peers to some countries.
Shares of Advanced Micro Devices AMD.O lost 1%.
Meanwhile, oil companies tumbled, with Exxon Mobil XOM.N and Occidental Petroleum OXY.N down 2.7% and 3%, respectively, as crude prices dropped 4%. O/R
Among a slew of earnings, healthinsurer UnitedHealth UNH.N dropped 3.7% after reporting a surge in medical costs in the third quarter. Johnson & Johnson JNJ.N also reversed course to fall 1%, despitelifting its annual profit and sales forecast.
Dow E-minis 1YMcv1 were down 12 points, or 0.03%, U.S. S&P 500 E-minis EScv1 were up 1.25 points, or 0.02%, Nasdaq 100 E-minis NQcv1 were up 0.75 points, or flat.
"Nothing has really happened just yet to offer any good guidance for investors," said Sam Stovall, chief investment strategist at CFRA Research.
On a brighter note, financial shares gained ground after several major banks reported results, adding to optimism around the sector after a set of reports from institutions including JPMorgan Chase JPM.N kicked off the third-quarter reporting season on an upbeat note last week.
Bank of America BAC.N jumped 2% after beating third-quarter profit estimates, Goldman Sachs GS.N was up 2.9% as its profit rose on a continued boost from investment banking, while Charles Schwab SCHW.N soared 9.4% after beating estimates.
"The financial sector (is) experiencing upward revisions to third-quarter earnings estimates, but all that's happening is that it's going from a low single digit gain to a mid-single digit gain - certainly not knocking the ball out of the park," Stovall said.
A number ofS&P 500 companies are scheduled to report results throughout the week, which will help investors gauge the health of the U.S. economy. Large companies willalso need to justify their expensive stock valuations, particularly in the tech sector, where valuations have grown increasingly inflated inthe past year.
All three major indexes jumped on Monday, with the S&P 500 .SPX and Dow Jones .DJI notching record highs for the second consecutive session.
The Dow closed above the 43,000-mark for the first time, while the benchmark S&P 500 is nearing the psychologically significant 6,000 level.
Boeing BA.N rose 1.1% after the planemaker filed to raise up to $25 billion through a stock and debt offering and entered into a $10 billion credit agreement amid a crippling strike and upcoming debt maturities.
Traders are pricing in about an 88% chance the Fed will cut rates by 25 basis points in November and a slight probability it will leave rates unchanged, according to CME's FedWatch.
Speeches from Federal Reserve officials Adriana Kugler, MaryDaly and Raphael Bostic are also on deck, while economic data including monthly retail sales figures are due on Thursday.
Reporting by Lisa Mattackal and Purvi Agarwal in Bengaluru; Editing by Pooja Desai
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
