U.S. stock futures rise ahead of big earnings week
published 27.07.2020 06:01
On Thursday, the U.S. Commerce Department will release second-quarter GDP data, with economists expecting an unprecedented 33% contraction due to the coronavirus pandemic.
About 180 of the SP 500's companies will report quarterly earnings this week, including Alphabet GOOGL, -0.56%, Amazon AMZN, +0.74%, Apple AAPL, -0.24% and Facebook FB, -0.81%.
Stocks sank Friday, and for the week the Dow DJIA, -0.68% ended 0.8% lower, the SP 500 SPX, -0.61% declined 0.3%, and the Nasdaq COMP, -0.93% lost 1.3%.
As of midnight Eastern, Dow Jones Industrial Average futures YM00, +0.27% were up about 130 points, or 0.5%, as were SP 500 futures ES00, +0.42% and Nasdaq-100 futures NQ00, +0.87%, with all three recovering from early-session lows.
U.S. stock index futures rose late Sunday, ahead of a busy earnings week.