U.S. Index Futures Dip Slightly as Investors Await Major Earnings Reports, Oil Prices Edge Up
23 Julho 2024 - 7:04AM
IH Market News
U.S. index futures slightly retreated in pre-market trading on
Tuesday as investors prepare for the release of earnings reports
from major companies.
At 6:17 AM, Dow Jones futures (DOWI:DJI) fell 4 points, or
0.01%. S&P 500 futures lost 0.15%, and Nasdaq-100 futures
dropped 0.29%. The 10-year Treasury yield stood at 4.232%.
In the commodities market, oil prices slightly rose on Tuesday
after falling in the last two sessions, reflecting investor caution
due to the outlook of high supply and weak demand. The U.S.
presidential campaign had little impact, with the focus on market
fundamentals suggesting a potential future oversupply. Inventory
data and attacks in Russia also influence the market.
West Texas Intermediate crude for September rose 0.33% to $78.66
per barrel. Brent crude for September rose 0.41% near $82.74 per
barrel.
On Tuesday’s economic agenda, June’s existing home sales will be
published at 9 AM.
Asia-Pacific markets closed mixed. In Hong Kong, the Hang Seng
fell 0.94%. China’s Shanghai Composite lost 1.65%. In Japan, the
Nikkei 225 retreated 0.01%. In South Korea, the Kospi rose 0.39%,
and the Kosdaq advanced 0.27%. In Taiwan, the Taiex gained 2.76%,
and in Australia, the S&P/ASX 200 grew 0.5%.
In June, Singapore’s consumer price index rose 2.4%, below the
forecast of 2.7%. In South Korea, the producer price index
increased by 2.5%. Shares of Kakao (KOSPI:035720)
fell 4.63% after an arrest warrant was issued for founder Brian
Kim.
European markets are mixed amid regional corporate earnings
reports. The mining sector is performing poorly, while technology
is advancing. Hungary will reveal its latest interest rate
decision, and consumer confidence data will be released in the
Netherlands and Ireland. Among individual stocks,
Porsche (TG:PAH3) shares are down 3.6% after
lowering its 2024 forecasts.
U.S. stocks had a significant rise on Monday. The Dow Jones rose
127.91 points (0.32%) to 40,415.44, the S&P 500 increased 59.41
points (1.08%) to 5,564.41, and the Nasdaq advanced 280.63 points
(1.58%) to 18,007.57. Nvidia (NASDAQ:NVDA) stood
out with a 4.8% increase, recovering after an 8.8% drop last week.
Meta Platforms (NASDAQ:META) and
Alphabet (NASDAQ:GOOGL) also showed strength,
rising over 2% each. However, CrowdStrike (NASDAQ:CRWD) had the
worst performance among S&P 500 stocks, falling 13.5% and
accumulating nearly an 18% loss over the past week, reflecting
ongoing investor concerns.
Joe Biden’s exit from the presidential race also positively
influenced the market. Kamala Harris secured enough delegates for
the Democratic presidential nomination after rapidly mobilizing
support, solidifying herself as the candidate to face Donald Trump.
ActBlue processed over $100 million in donations since Sunday. This
shift revitalized the Democratic campaign against Donald Trump and
JD Vance.
In Tuesday’s earnings reports,
Spotify (NYSE:SPOT), United
Parcel Service (NYSE:UPS), GE
Aerospace (NYSE:GE), General
Motors (NYSE:GM), Coca-Cola (NYSE:KO), Lockheed
Martin (NYSE:LMT), Freeport
McMoRan (NYSE:FCX), Comcast (NASDAQ:CMCSA), Polaris (NASDAQ:PII), Philp
Morris International (NYSE:PM) will report before the
market opens.
After the market closes,
Tesla (NASDAQ:TSLA), Alphabet (NASDAQ:GOOGL), Visa (NYSE:V), Enphase
Energy (NASDAQ:ENPH), Texas
Instruments (NASDAQ:TXN), Seagate
Technology (NASDAQ:STX), Chubb (NYSE:CB), CapitalOne (NYSE:COF), Cal-Maine
Foods (NASDAQ:CALM), Packaging
Corporation America (NYSE:PKG) are expected to
release their numbers.
Visa (NYSE:V)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Visa (NYSE:V)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024