Futures muted as investors weigh earnings; chip stocks slip
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UnitedHealth falls after Q3 results
Johnson & Johnson gains after annual forecast lift
Futures: Dow down 0.08%, S&P 500 up 0.02%, Nasdaq flat
Updated at 06:51 a.m. ET/1051 GMT
By Lisa Pauline Mattackal and Purvi Agarwal
Oct 15 (Reuters) -U.S. stock index futures were subdued onTuesday as investors tooka breather after a rally in the previous session and assessedquarterly results from companies including Bank of America and UnitedHealth.
Dow E-minis 1YMcv1 were down 34 points, or 0.08%, S&P 500 E-minis EScv1 were up 1.25 points, or 0.02%, and Nasdaq 100 E-minis NQcv1 were down 0.5 points, or flat.
Health insurer UnitedHealth UNH.N dropped 3.8% in premarket trading after reporting a surge in medical costs in the third quarter. Johnson & Johnson JNJ.N inched 1.4% higher afterlifting its annual profit and sales forecast.
Bank of America BAC.N was up 1.3% after reporting its quarterly results .
Companies including Goldman Sachs GS.N and Citigroup C.N are due to report quarterly results before the bell.
Shares of AI-darling Nvidia NVDA.O fell 1.3% in premarket trading following a record high close on Monday, after a report the U.S. is considering limiting exports of advanced artificial intelligence chips from the company and other U.S. peers to some countries.
Shares of Advanced Micro Devices AMD.O and Intel INTC.O were down 1.2% and 0.5%, respectively.
Earnings from major banks including JPMorgan Chase JPM.N and Wells Fargo WFC.N kicked off the third-quarter reporting season last weekon an upbeat note.
Forty-one S&P 500 companies are scheduled to report results this week, which will help investors gauge the health of the U.S. economy. Large corporates will also need to justify their expensive stock valuations, particularly in the tech sector, where valuations have grown increasingly inflated inthe past year.
"As earnings season is set to begin, the tech and communications sectors are expected to post the biggest year-over growth," said Bret Kenwell, U.S. investment analyst at eToro.
"So long as the bullish pillars remain in place for equity markets, we should see the Nasdaq join the S&P 500 and Dow in making new all-time highs."
All three major indexes jumped on Monday, with the S&P 500 .SPX and Dow Jones .DJI notching record highs for the second consecutive session, as optimism over a strong third-quarter earnings season and a rally in tech stocks lifted equities.
The Dow closed above the 43,000-mark for the first time, while the benchmark S&P 500 is nearing the psychologically significant 6,000 level.
Boeing BA.N was down 1% after the planemaker filed a registration statement to sell securities and classes of stock to raise up to $25 billion.
Meanwhile, oil companies lost ground, tracking sharp declines in crude prices as supply concerns eased after a media report said Israel is willing to not strike Iranian oil targets. O/R
Exxon Mobil XOM.N lost 3%, Occidental Petroleum OXY.N fell 3.2% and Chevron CVX.N dipped 2.5%.
Traders are pricing in about a 86% probability the Fed will cut rates by 25 basis points in November and a slight chance it will leave rates unchanged, according to CME's FedWatch.
Speeches from Federal Reserve officials Adriana Kugler, MaryDaly and Raphael Bostic are also on deck, while economic data including monthly retail sales figures are due on Thursday.
Reporting by Lisa Mattackal and Purvi Agarwal in Bengaluru; Editing by Pooja Desai
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
