Dow futures tick higher; earnings season comes into focus
Investing.com — U.S. stock futures edged higher Monday at the start of a busy week for corporate earnings, while geopolitical tensions remain to the fore.
By 06:35 ET (10:35 GMT), the Dow Futures contract was up 115 points, or 0.3%, S&P 500 Futures traded 10 points, or 0.2%, higher and Nasdaq 100 Futures traded largely flat.
The main indices on Wall Street ended in a mixed fashion last week, with the 30-stock Dow Jones Industrial Average gaining 0.2%, while the benchmark S&P 500 lost 0.2% and the tech-heavy Nasdaq Composite dropped 0.6%.
Trading on Wall Street is likely to be choppy as investors fret about the potential for escalating violence in the Middle East.
U.S. Secretary of State Antony Blinken is set to return to Israel as part of a concerted diplomatic attempt to ensure Israel's conflict with Palestinian militant group Hamas does not spillover elsewhere in the region as Israel prepares for a ground invasion of the Gaza region.
Iran, which backs Hamas, the dominant power in Gaza, has warned Israel of escalation if it kept attacking Palestinians.
The market received a boost on Friday after a slew of reports from major financial firms, including JPMorgan Chase (NYSE:JPM) and Wells Fargo (NYSE:WFC), were generally well received.
This week sees the earnings season ramp up, with 11% of the S&P 500 slated to report, although Monday is a little short of major names, with Charles Schwab (NYSE:SCHW) the main report.
Continuing the banking theme, Bank of America (NYSE:BAC) and Goldman Sachs (NYSE:GS) are both due ahead of the open on Tuesday.
Other big names include healthcare giant Johnson & Johnson (NYSE:JNJ), reporting ahead of Tuesday’s market open, consumer products giant Procter & Gamble (NYSE:PG) ahead of
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