HomeFinancial MarketsU.S. Futures Rise as Investors Await Retail Earnings

U.S. Futures Rise as Investors Await Retail Earnings

U.S. stock futures rose on Monday as the majority of mega-cap growth stocks grow following a mass selloff during the previous session. While U.S. stocks have realized significant gains this year, August saw a loss in momentum. Now, investors turn their focus to an inbound wave of earnings reports from premium bog box stores.

Dow e-minis were up 69 points, or 0.2% early Monday, while S&P 500 e-minis were up 11.5 points, or 0.26%. Nasdaq 100 e-minis gained 60.75 points, or 0.4%. Contrary to the trajectory of New York stocks indices, AMC Entertainment common shares plunged by 26.8% during premarket trading after a Delaware judge approved the movie theatre company’s revised stockholder settlement last Friday. Shares in EV maker Nikola slumped by 15.4% after the company decided to recall all of its battery-powered electric trucks after some lithium batteries caught fire.

Among the big box giants that are set to release their second-quarter earnings this week are Walmart, Target, and Home Depot. The U.S. July retail sales report is also set to be released on Tuesday.

U.S. Futures Fall Ahead Of Nvidia Earnings

U.S. futures slipped early Wednesday as investors awaited the quarterly earnings report from chipmaker Nvidia Corporation. Contracts listed on the tech-heavy Nasdaq 100 slipped...

Caesars Misses Quarterly Revenue Target

Caesars Entertainment shares dropped by 1.5% in extended training on Tuesday after the company reported lower-than-expected earnings for the fourth quarter. The Casino operator,...

Goldman Sachs Lifts S&P 500 Target Amid Rising Performance

Goldman Sachs has decided to lift their 2024 target for the S&P 500 Index for the second straight month after the index exceeded 5,000...