Corporate Earnings Back in Spotlight as US Equity Futures Waver Pre-Bell

MT Newswires Live
2024-11-18

US equity futures were little changed ahead of Monday's opening bell as investors' attention shifted back to corporate earnings.

Dow Jones Industrial Average futures fell 0.2%, S&P 500 futures slipped 0.1%, while Nasdaq futures were up 0.1%.

Chipmaker Nvidia (NVDA), as well as retailers Walmart (WMT), Lowe's Companies (LOW), and Target (TGT), are all scheduled to report later in the week.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.7% at $71.53 per barrel and US West Texas Intermediate crude up 0.7% at $67.39 per barrel.

The US Housing Market Index, scheduled for release at 10 am ET, is seen falling to 42 in November from a 43 level in October, according to estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei closed 1.1% lower, Hong Kong's Hang Seng ended 0.8% higher, and China's Shanghai Composite finished 0.2% lower. Meanwhile, UK's FTSE 100 gained 0.1%, and Germany's DAX index fell 0.4% in Europe's early afternoon session.

In equities, shares of EHang Holdings (EH) were 4% higher pre-bell after the company reported it swung to Q3 adjusted profit on higher revenue.

On the losing side, Nvidia shares fell 2.3% following a media report that the company's new Blackwell AI chips are having problems with accompanying servers that overheat.

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