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Looming Tech Earnings Weigh on Premarket Action in US Equity Futures
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Looming Tech Earnings Weigh on Premarket Action in US Equity Futures
Jul 23, 2024 5:23 AM

07:56 AM EDT, 07/23/2024 (MT Newswires) -- US equity futures were little changed pre-bell Tuesday as traders awaited earnings from technology sector majors Alphabet (GOOGL, GOOG) and Tesla (TSLA).

The Dow Jones Industrial Average futures gained 0.05%, S&P 500 futures increased 0.1%, and Nasdaq futures flatlined.

Alphabet and Tesla are scheduled to release quarterly results after the market close.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.5% at $81.97 per barrel and US West Texas Intermediate down 0.6% at $77.95 per barrel, amid renewed hopes for a ceasefire in Gaza.

Existing home sales, slated for 10 am ET, are expected to drop to a 3.99 million annualized rate in June from a 4.11 million rate in May, according to estimates compiled by Bloomberg.

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