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Stocks Mostly Up Pre-Bell Ahead of Latest Earnings Season; Asia Gains, Europe Churns
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Stocks Mostly Up Pre-Bell Ahead of Latest Earnings Season; Asia Gains, Europe Churns
Oct 15, 2024 11:31 PM

07:07 AM EDT, 10/14/2024 (MT Newswires) -- The benchmark US stock measures were mostly pointing higher before the opening bell Monday as investors gear up for the latest earnings season.

Standard & Poor's 500 rose 0.2% and the Nasdaq added 0.3% in premarket activity, while the Dow Jones Industrial Average ticked down 0.1%. The majority of Asian exchanges were tracking in the green while European bourses were mixed to lower midday on the continent.

With no economic reports scheduled for Monday, traders await the latest quarterly results from several major corporations and banking giants later this week. UnitedHealth ( UNH ) , Johnson & Johnson ( JNJ ) , Bank of America ( BAC ) , Goldman Sachs ( GS ) and Citigroup ( C ) post earnings on Tuesday.

Netflix ( NFLX ) and Morgan Stanley ( MS ) will release their financial statements on Thursday. Procter & Gamble ( PG ) and American Express ( AXP ) results are scheduled for Friday.

Federal Reserve Bank of Minneapolis President Neel Kashkari is slated to speak at 9 am ET and later at 5 pm. Federal Reserve Governor Christopher Waller speaks at 3 pm.

Shares of Boeing ( BA ) declined 2% pre-bell as the plane maker disclosed plans last week to cut 10% of its total workforce and announced a wider-than-expected preliminary third-quarter loss. MicroStrategy ( MSTR ) spiked 5.7% while Coinbase Global ( COIN ) gained 4.4%.

Before the opening bell, bitcoin jumped 3.7% to $64,918, West Texas Intermediate crude oil dropped 2.4% to $73.78 a barrel, yields on 10-year Treasuries inched 0.2 basis points higher to almost 4.1% and gold was unchanged at $2,676 an ounce.

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