S&P 500 futures slide ahead of a huge week of earnings reports

S&P 500 futures slide ahead of a huge week of earnings reports


Stock futures fell Sunday evening as investors braced for a week of major first-quarter earnings reports ahead.

Futures on the Dow Jones Industrial Average lost about 150 points, or 0.4%. S&P 500 futures shed 0.5%. Nasdaq futures were lower by 0.8%.

Bank of America reports quarterly results Monday before the bell. Several Dow blue-chip names report earnings this week, including IBM, Procter and Gamble, Travelers, Dow Inc, Johnson and Johnson, American Express and Verizon.

Technology bellwethers are also set to report quarterly earnings, with Netflix due on Tuesday and Tesla out on Wednesday. Snap reports Thursday. United Airlines, American Airlines and Alaska Air are also on the calendar, as are railroads CSX and Union Pacific.

Investors will be paying close attention to forward guidance, especially for comments on how companies are handling surging costs. March’s consumer price index reading released last week showed an 8.5% increase from a year ago, the fastest annual gain since December 1981

“The odds seem to be long against underlying inflation moderating to an acceptable pace without a significant deceleration of demand growth,” 22V Research’s Gerard MacDonell said in a note Sunday.

Earnings season is off to a decent start with 77% of S&P 500 companies reporting earnings per share above expectations according to FactSet. Seven percent of the benchmark has reported results so far. Analysts believe first-quarter earnings will jump 5% for the quarter when all S&P 500 companies finish reporting, according to FactSet’s analysis of actual results and future estimates.

“Our belief remains that 2022E EPS likely comes down a bit through earnings season, but likely less than we would have thought a month ago. And the more U.S.-centric and more services-centric the company, the better the EPS outlook is likely to be,” Raymond James’ Tavis McCourt said in a Sunday note.

Despite some better-than-expected results, investors sold stocks last week as they feared higher rates and inflation could darken the outlook for earnings. The S&P 500 fell 2.13% for its second negative week in a row. The Nasdaq Composite lost 2.63%, and the Dow fell 0.8% on the period. U.S. stocks did not trade Friday due to the holiday weekend.

The 10-year Treasury yield last week touched the highest levels in three years above 2.83%, which is weighing on stocks.

Elsewhere, investors will be watching how Twitter trades when the market opens. Twitter announced Friday the board adopted a limited duration shareholder rights plan, often referred to as a “poison pill.” The move comes after billionaire Elon Musk offered to buy the company for $43 billion.

—With reporting by CNBC’s Patti Domm.



Source

Can AI create next ‘Grand Theft Auto’? Take-Two Interactive CEO says no
World

Can AI create next ‘Grand Theft Auto’? Take-Two Interactive CEO says no

Strauss Zelnick, the CEO of video game publisher Take-Two Interactive, said he is not a “naysayer” when it comes to the promise of artificial intelligence. But at the same time, Zelnick, who leads the company that publishes the “Grand Theft Auto,” “NBA 2K,” “Red Dead” and “Borderlands” video game series, said the signs that the […]

Read More
Jensen Huang says Nvidia’s AI chips are now being manufactured in Arizona
World

Jensen Huang says Nvidia’s AI chips are now being manufactured in Arizona

Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media prior to the keynote address at the Nvidia AI summit in Washington, DC, US, on Tuesday, Oct. 28, 2025. Kent Nishimura | Bloomberg | Getty Images Nvidia CEO Jensen Huang said at the company’s GTC conference on Tuesday that its Blackwell […]

Read More
Gold enters correction territory as global investors stop worrying as much about China tensions, Fed independence, AI bubble
World

Gold enters correction territory as global investors stop worrying as much about China tensions, Fed independence, AI bubble

Gold has fallen into correction territory now that investor fears around China tensions, Federal Reserve independence and an artificial intelligence bubble have been soothed. After topping $4,300 just last week, both spot gold and gold futures have made short work of dipping below $4,000. The yellow metal is still up more than 40% in 2025. […]

Read More