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Offbeat US stocks set for a tepid open, ahead of Pfizer, Apple, P&G earnings

13:41  31 july  2018
13:41  31 july  2018 Source:   cnbc.com

Stocks mixed after GM and Boeing decline on earnings

  Stocks mixed after GM and Boeing decline on earnings Stocks were mixed Wednesday as traders assessed the latest batch of corporate earnings.Load Error

U . S . stock index futures fluctuated ahead of Tuesday’s open , as a two-day central bank policy meeting begins. Investors will be paying close attention to earnings from Charter Communications, Pfizer , Procter & Gamble, Archer Daniels Midland, Arconic, Cummins, Ralph Lauren, Steve Madden, Apple

×. US Markets. The Nasdaq composite rose on Tuesday, led by gains in Apple ahead of the tech giant's quarterly earnings release. The tech-heavy index closed 0.9 percent higher at 7,130.70 while Apple climbed 2.3 percent.

a group of people looking at a phone © Provided by CNBC U.S. stock index futures fluctuated ahead of Tuesday's open, as a two-day central bank policy meeting begins.

Around 6:00 a.m. ET, Dow futures slipped 3 points, indicating a flat open of -0.83 points, while Nasdaq and S&P 500 futures indicated a relatively flat-to-upbeat start to their respective sessions.

Earnings season continues Tuesday, with a wave of corporate earnings expected.

Investors will be paying close attention to earnings from Charter Communications, Pfizer, Procter & Gamble, Archer Daniels Midland, Arconic, Cummins, Ralph Lauren, Steve Madden, Apple, Baidu, Cheesecake Factory and Pandora Media.

Apple stock edges higher ahead of earnings report

  Apple stock edges higher ahead of earnings report There was no new iPhone release this quarter, so Apple Services — the company's new rockstar with revenue from things like the App Store and Apple Music — will be front and center.Load Error

U . S . Markets open in 7 hrs 29 mins. The company tends to surprise on earnings . For fourth quarter 2017, Pfizer reported earnings of 62 cents per share, beating estimates by 6 cents per share. Too Many Obstacles Ahead for Pfizer Stock .

Apple Inc. (AAPL) shares rose 2.3% ahead of the iPhone maker's earnings to be released after Tuesday's closing bell. Wall Street Overview. Want to be alerted before Cramer buys or sells the stock ? Learn more now. Pfizer posted first-quarter adjusted earnings of 77 cents a share, beating

A slew of economic data is also due. Personal income, core PCE prices and the employment cost index are due out at 8.30 a.m. ET, followed by the S&P/Case-Shiller House Price Index at 9 a.m. ET, Chicago purchasing managers' index at 9:45 a.m. ET, consumer confidence at 10 a.m. ET and the Dallas Fed's Texas service sector outlook survey at 10:30 a.m. ET.

The Federal Open Market Committee (FOMC) will commence its two-day summer meeting Tuesday.

A policy decision is set to be announced Wednesday afternoon, which should reveal whether the Fed decides to change its stance in August. Investors are not expecting a rise in interest rates, however, but discussion on trade or where the Federal Reserve is thinking of heading could be talked about.

The meeting follows the publication of much economic data and the news that President Donald Trump was "not thrilled" about rising interest rates, expressing concern that the Fed could upset the economic recovery.

Oil prices fell into the red Tuesday, as concerns surrounding oversupply weighed on sentiment.

Futures point to a slightly lower open as investors await jobs report .
U.S. stock index futures pointed to a slightly lower open on Friday morning, as investors remain cautious ahead of the July jobs report. At around 5:10 a.m. ET, Dow futures slipped 24 points, indicating an implied open of around 14 points lower. The Nasdaq and S&P 500 futures also pointed to a modestly lower start to the session for both of their respective markets.Earnings season continues to be in full swing on Friday, with an abundance of businesses set to report their latest figures. Investors are likely to pay close attention to Kraft Heinz, Toyota Motors, Petrobras, Groupon and Berkshire Hathaway.

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