Stock futures slide to start week with more earnings and a Powell speech ahead
Publishing timestamp: 2023-02-05 18:41:52
Summary
U.S. stock futures were lower to start the week as investors awaited earnings reports from major companies such as Disney, Chipotle, Dupont, and PepsiCo, as well as a speech from Federal Reserve Chairman Jerome Powell. Despite rate hikes and poor earnings, investors are focusing on recent data that is showing inflation trending lower, which could lead to a soft landing and revived profits later in the year. The S&P 500 and Nasdaq have both formed bullish patterns and touched 5-month highs last week.
Sentiment: POSITIVE
Keywords: united states, economic events, tyson foods inc, cummins inc, breaking news: markets, stock markets, markets, business news, jerome powell,