(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window.)
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Futures flat: Dow up 0.03%, S&P 500 up 0.03%, Nasdaq down
0.02%
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Fluor gains after reports Starboard has taken nearly 5%
stake
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Health insurers rise after upbeat results from Elevance
(Updates prices)
By Pranav Kashyap and Twesha Dikshit
Oct 21 (Reuters) - U.S. stock index futures were little
changed on Tuesday, pausing after Wall Street's strong rally in
the previous session, as investors assessed a wave of quarterly
earnings from major corporations and awaited updates on
U.S.-China trade talks.
All three major indexes had closed with gains of more than
1% on Monday, marking their best day in over a week, fueled by
AI-driven optimism, upbeat earnings expectations and easing
concerns over regional bank credit quality.
Markets will face a fresh litmus test with heavyweights,
including Tesla, IBM ( IBM ), Procter & Gamble ( PG ), Intel ( INTC )
and Ford, set to report results this week.
At 07:17 a.m., Dow E-minis were up 14 points, or
0.03%, Nasdaq 100 E-minis were down 4.5 points, or
0.02%, and S&P 500 E-minis were up 1.75 points, or
0.03%.
Futures tied to the small-cap Russell 2000 also
edged lower. The index had jumped nearly 2% in the
previous session, as markets priced in an interest rate cut from
the Federal Reserve in October.
Health insurers gained in premarket trading after Elevance
beat estimates for third-quarter profit. UnitedHealth ( UNH )
and Humana were up 1.9% and 1.1%, respectively.
Regional bank earnings are also in focus to get a closer
read on the sector's health after fears of systemic stress
sparked a selloff last week.
But with markets hovering near record highs, investors will
not just watch earnings beats but also margin resilience and
forward guidance, especially amid trade tensions and lingering
inflation concerns.
"It's hard to imagine that markets were in panic mode only
four days ago," said Russ Mould, investment director at AJ Bell.
"It's like all the troubles faded away over the weekend, and
investors are back in risk-on mode."
Sentiment got a boost after White House economic adviser
Kevin Hassett said on Monday the U.S. government shutdown was
likely to end this week.
U.S. President Donald Trump also struck a positive tone on
trade, saying he expects to reach a "fair deal" with Chinese
President Xi Jinping, while downplaying tensions over Taiwan.
Investors will closely monitor Trump's upcoming meeting with
Xi on the sidelines of next week's economic summit in South
Korea.
Among other stocks, Fluor jumped 5.8% in premarket
trading, after reports said activist investor Starboard Value
has taken a nearly 5% stake in the construction firm.
GE Aerospace added 1.3% after the company raised its
2025 profit forecast.
General Motors ( GM ) gained 9.2% after lifting its forecast
for the year on an improved tariff outlook.
Coca-Cola rose 2.4% as the company beat third-quarter
expectations on steady demand for sodas.
Northrop Grumman ( NOC ) slipped 2.7% after the defense
contractor lowered full-year sales forecast.