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Dow futures range-bound as earnings season heats up

Published 17/04/2023, 23:44
© Reuters.
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By Oliver Gray

Investing.com - U.S. stock futures were trading in a tight range during Monday's evening deals after major benchmark averages posted a positive session as market participants monitored the start of quarterly corporate earnings results.

By 18:40 ET (22:40 GMT), Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were each trading within a range of 0.1%.

In extended deals, JB Hunt Transport Services Inc (NASDAQ:JBHT) fell 1.8% after reporting Q1 EPS of $1.89 versus $2.04 expected on revenues of $3.23 billion versus $3.43B expected.

Ahead in Tuesday's trade, market participants will be closely monitoring building permits and housing starts as well as a speech from FOMC member Bowman.

Meanwhile, Johnson & Johnson (NYSE:JNJ), Bank of America Corp (NYSE:BAC), and Goldman Sachs Group Inc (NYSE:GS) are among major companies scheduled to report.

During Monday's regular trading session, the Dow Jones Industrial Average added 100.7 points or 0.3% to 33,987.2. The S&P 500 lifted 13.7 points or 0.3% to 4,151.3, and the Nasdaq Composite added 34.3 points or 0.3% to 12,157.7.

On the bond markets, 10-year rates were at 3.606%.

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