Stock Futures Dip as Earnings Season Intensifies


Summary: Stock futures edged lower as earnings season picked up momentum and investors awaited key financial reports.

Stock futures opened slightly lower on Tuesday evening as earnings season gained steam. Futures linked to the Dow Jones Industrial Average dipped 0.1%, while S&P 500 futures and Nasdaq-100 futures edged down 0.1% and 0.07% respectively. United Airlines shares fell 4% on soft guidance, and J.B. Hunt lost over 2% due to disappointing results. Bond yields rose following stronger-than-expected September retail sales, and chip stocks like Nvidia and Advanced Micro Devices sold off as the US plans to tighten AI chip exports to China. As Wall Street continued to assess the impact of the Israel-Hamas war, traders also analyzed third-quarter earnings reports from financial institutions. The reporting season continues with results from Morgan Stanley, Procter & Gamble, and Travelers due out before the bell on Wednesday, while Netflix and Tesla are awaited after the market close.

Tags: stock futures, earnings season, Wall Street, financial reports, bond yields, retail sales, chip stocks, third-quarter earnings, Israel-Hamas war, market performance