Stock futures inch higher ahead of tech earnings
Results are due from Microsoft, Alphabet and Twitter after Tuesday’s close
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U.S. stock futures edged up ahead of another flurry of earnings reports from major technology companies.
S&P 500 futures strengthened 0.2% and Dow Jones Industrial Average futures were up 0.1%. Changes in equity futures don’t necessarily predict movements after the markets open.
European stocks climbed Tuesday for a three-session winning streak. The Stoxx Europe 600 added 0.2% in morning trade. Consumer staples and healthcare sectors led gains while energy and real-estate sectors lost ground.
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Specialist Anthony Rinaldi, left, and trader Timothy Nick work on the floor of the New York Stock Exchange, Wednesday, Oct. 30, 2019. (AP Photo/Richard Drew)
The U.K.’s FTSE 100 gained 0.2%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 rose 0.1%, the U.K.’s FTSE 250 climbed 0.1% and Germany’s DAX rose 0.4%.
The Swiss franc and the euro lost 0.1% against the U.S. dollar whereas the British pound was flat against the U.S. dollar, with 1 pound buying $1.38.
In commodities, Brent crude fell 0.1% to $85.10 a barrel. Gold also fell 0.1% to $1,804.30 a troy ounce.
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The yield on German 10-year bunds gained to minus 0.107% and U.K. 10-year gilts yields strengthened to 1.147%. The 10-year U.S. Treasury yield rose to 1.641% from 1.634%. Bond yields move inversely to prices.
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In Asia, indexes were mixed as Japan’s Nikkei 225 index added 1.8%, whereas Hong Kong’s Hang Seng declined 0.8% and China’s Shanghai Composite was lower 0.3%.
—An artificial-intelligence tool was used in creating this article.