financetom
Market
financetom
/
Market
/
Investors Await Earnings Reports as US Futures Move Lower Tuesday Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Investors Await Earnings Reports as US Futures Move Lower Tuesday Pre-Bell
Oct 22, 2024 12:14 PM

08:14 AM EDT, 10/22/2024 (MT Newswires) -- US stock futures are moving lower in Tuesday's premarket session with a relatively quiet day on the economic calendars ahead as investors await a slew of earnings reports coming out this week.

The Dow Jones Industrial Average futures were down 0.43%, S&P 500 futures were off 0.47% and Nasdaq futures were moving 0.55% lower.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.73% and 0.87% respectively.

Federal Reserve Bank of Philadelphia President Patrick Harker will be speaking later in the morning at a fintech conference. Investors will be looking for any clues indicating the Fed's future monetary policy moves.

And later in the afternoon, the American Petroleum Institute will release its weekly crude oil data, which gauges petroleum demand in the US.

In equities, shares of Genprex ( GNPX ) soared 121% in Tuesday's premarket session after skyrocketing 260% on Monday. Ensysce Biosciences' ( ENSC ) shares shot up 89%, adding to a 16% gain the previous session. And shares of SRM Entertainment ( SRM ) Jumped 52%, following a 3.6% gain on Monday.

On the losing side, shares of GRI Bio ( GRI ) plunged 24% after it said late Monday that it agreed to exercise certain warrants at a reduced exercise price of $1 per share. IN8bio's ( INAB ) shares tumbled 18% after jumping 75% the previous session. And shares of DMC Global ( BOOM ) fell 17% after the company cut Q3 sales guidance late Monday and flagged a $142 million noncash goodwill impairment charge.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Energy
Sector Update: Energy
Aug 7, 2024
03:23 PM EDT, 08/07/2024 (MT Newswires) -- Energy stocks were higher late Wednesday afternoon, with the NYSE Energy Sector Index rising 1.2% and the Energy Select Sector SPDR Fund (XLE) adding 1.1%. The Philadelphia Oil Service Sector index decreased 0.2%, while the Dow Jones US Utilities index was gaining 0.7%. US crude oil stocks, including those in the Strategic Petroleum...
Sector Update: Financial
Sector Update: Financial
Aug 7, 2024
03:26 PM EDT, 08/07/2024 (MT Newswires) -- Financial stocks advanced in late Wednesday afternoon trading with the NYSE Financial Index adding 0.3% and the Financial Select Sector SPDR Fund (XLF) ahead 0.4%. The Philadelphia Housing Index fell 1.8%, while the Real Estate Select Sector SPDR Fund (XLRE) dropped 0.2%. Bitcoin (BTC-USD) declined 1.8% to $55,071, and the yield for 10-year...
TREASURIES-Yields rise after weak 10-year auction, heavy corporate supply
TREASURIES-Yields rise after weak 10-year auction, heavy corporate supply
Aug 7, 2024
(Updated at 1500 EDT) By Karen Brettell Aug 7 (Reuters) - U.S. Treasury yields rose on Wednesday after the Treasury Department saw soft demand for a $42 billion sale of 10-year notes and as companies rushed to sell debt as risk appetite improved. Supply is the main focus this week as traders wait on fresh economic data for further clues...
US STOCKS-Indexes fall with tech shares; trade choppy, Treasury auction weak
US STOCKS-Indexes fall with tech shares; trade choppy, Treasury auction weak
Aug 7, 2024
* Weak demand seen in Treasury auction * Disney ( DIS ) shares lower * Indexes down: Dow 0.5%, S&P 500 0.5%, Nasdaq 0.7% (Updates to 2:45 p.m. ET) By Caroline Valetkevitch NEW YORK, Aug 7 (Reuters) - U.S. stocks were lower in choppy trading on Wednesday afternoon, rising early with technology shares and then falling in tandem with them...
Copyright 2023-2025 - www.financetom.com All Rights Reserved