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Investors Await Key Earnings Reports as US Futures Tread Water in Friday's Premarket
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Investors Await Key Earnings Reports as US Futures Tread Water in Friday's Premarket
Jul 19, 2024 5:51 AM

08:23 AM EDT, 07/19/2024 (MT Newswires) -- US stock futures were relatively unchanged in Friday's premarket session as investors eye a slew of earnings coming out, including those from American Express ( AXP ) , Travelers Companies ( TRV ) , Comerica ( CMA ) , Halliburton ( HAL ) , and Fifth Third Bancorp ( FITB ) .

The Dow Jones Industrial Average futures were off 0.21%, S&P 500 futures nudged 0.10% higher, and Nasdaq futures were up 0.16%.

Investors will also be parsing the words of Federal Open Markets Committee members Raphael Bostic and John Williams, who will be giving speeches later Friday, for any hints of the Federal Reserve's future monetary decisions.

Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.1% and 0.3% respectively. The latest U.S. Baker Hughes Rig count, a key gauge of the oil drilling industry, will be released Friday afternoon.

In equities, Serve Robotics ( SERV ) shares soared 64% in Friday's premarket session, adding to Thursday's 12% gain. Shares of Hawaiian Electric Industries ( HE ) surged 38% after Bloomberg reported Thursday that the electric services company was among a group of firms that reached a tentative deal to settle lawsuits over last year's wildfires in Maui. And Vaccinex's ( VCNX ) shares climbed 10% after climbing nearly 15% the previous session.

On the losing side, shares of SunPower Corporation ( SPWR ) tumbled 12%, piling on to a 40% loss Thursday when the solar energy company said it was pausing some operations. Scholastic's (SCHL) shares fell 14% after it reported late Thursday lower fiscal Q4 earnings and revenue. And shares of CrowdStrike ( CRWD ) dropped 12% following media reports that the cybersecurity firm suffered a major outage resulting from an issue with its latest update.

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