US Markets

US futures pause ahead of Goldman Sachs, J&J, Charles Schwab earnings 

Share
Key Points
  • Goldman Sachs, Johnson & Johnson, UnitedHealth, Charles Schwab, Omnicom, CSX and United Continental are some of the firms scheduled to publish their latest financial figures.
  • On the political front, investors are likely to be digesting the latest reaction to Monday’s summit between President Donald Trump and his Russian counterpart Vladimir Putin in Helsinki, Finland.

U.S. stock index futures pulled back ahead of Tuesday’s open, as investors monitored corporate and political developments.

Around 6:00 a.m. ET, Dow futures rose 14 points, indicating a positive open of 9.64 points. The Nasdaq and the S&P 500 futures indicated a downbeat start to their respective trading sessions.

U.S. Stocks Plunge Heading Into Market Close
Michael Nagle | Bloomberg | Getty Images

Goldman Sachs, Johnson & Johnson, UnitedHealth, Charles Schwab, Omnicom, CSX and United Continental are some of the firms scheduled to publish their latest financial figures.

In economic data, the business leaders’ survey is due out at 8:30 a.m. ET, followed by industrial production at 9:15 a.m. ET and the NAHB/Wells Fargo Housing Market Index at 10 a.m. ET. Treasury International Capital (TIC) data is scheduled for 4 p.m. ET.

Federal Reserve Chair Jerome Powell is expected to deliver his semiannual monetary policy report to the Senate Banking Committee on Tuesday.

Elsewhere, Kansas City Fed President Esther George will attend the 2018 Agricultural Symposium in Kansas City, Missouri. Both speeches will be watched closely for any comment on the state of the U.S. economy.

On the political front, investors are likely to be digesting the latest reaction to Monday’s summit between President Donald Trump and his Russian counterpart Vladimir Putin in Helsinki, Finland.

Trump blamed both Russia and the States for the countries’ strained relationship, adding that Putin was “extremely strong and powerful in his denial" when it came to Moscow’s alleged meddling in the 2016 U.S. election.

Elsewhere, investors will be keeping a close eye on the ongoing trade spat between the U.S. and major economies including China and the European Union.