Stock index futures showed a flat open on Tuesday, but action could be volatile as more cash flows in.
S&P futures (Price SPX) -0.2%Nasdaq 100 Futures (NDX: IND) -0.3% and Dow futures (INDU) -0.2% they were low.
3m (m), GE (GEand J&J (JNJ) reported mixed results. GE and J&J missed out on the top line, while 3M missed the floor but hitting money. Microsoft (Image of MSFT) weigh the postcard.
“It’s almost the end of the earnings season to get a sense of the economy,” David Bahnsen, CIO at The Bahnsen Group, wrote. “The financial guidance that companies give in the year 2023 is a very important financial indicator, because it tells you how the business is doing, which is a more important method than the cash flow, which tells you how well the company manages. cost.”
“If the market went down on October 12, 2022, it would be one of the lowest in history, as the S&P 500 was trading at about 17x that time, and the market multiple was much lower than that.”
The 10-year Treasury yield (US10Y) fell 3 basis points to 3.50% and the 2-year yield (US2Y) fell 2 basis points to 4.22%.
Just after the start of trading, the S&P Global Composite PMI for January will be available. Economists expect it to remain stable at 46.