2023-01-23 12:42:11

Wall Street Poised To Open In Negative Territory

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By Rtt News Staff Writer

Earnings will be the focus on Monday and the coming days this week. General Electric, Johnson & Johnson, Verizon, Microsoft, AT&T, Boeing, IBM Corp., Tesla, Intel, and American Express will be reporting this week.

The Conference Board's Leading Indicators for December is expected today.

Reports on durable goods orders, fourth-quarter GDP, new home sales, and personal income and spending will be the main focus this week.

Early trends from the U.S. Futures Index suggest that Wall Street might open lower. Asian shares are trading up, while European shares are trading up.

As of 7.15 am ET, the Dow futures were down 2.00 points, the S&P 500 futures were declining 3.50 points and the Nasdaq 100 futures were sliding 5.75 points.

The U.S. major averages ended Friday's session at their best levels of the day. The Nasdaq spiked 288.17 points or 2.7 percent to 11,140.43, the S&P 500 surged 73.76 points or 1.9 percent to 3,972.61 and the Dow jumped 330.93 points or 1.0 percent to 33,375.49.

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