Stock futures trade lower as investors look ahead to corporate earnings
Publishing timestamp: 2023-01-17 03:18:58
Summary
Stock futures traded lower Tuesday morning as investors attempted to keep building on early 2023 momentum and looked ahead to more corporate earnings. Nasdaq Composite is leading the way up 5.9%, as investors bought beat-up technology shares amid rising hopes of improving landscape for growth stocks. Investor focus now turns to corporate financials as earnings season kicks off. RBC downgraded KB Home and Lennar as firm expects difficult year ahead for housing stocks. European markets were muted on Tuesday, with concerns about global economy high on agenda at World Economic Forum in Davos this week.
Sentiment: MIXED
Tickers: .IXIC, MS, UAL, LEN, .SPX, KBH, GSBD, .STOXX, .DJI,
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