Investing.com | Oct 22, 2019 12:22
Investing.com - U.S. futures were mostly flat on Tuesday as investors waited for earnings to roll in and assess the impact that the U.S.-China trade war has had on corporate profits.
Other earnings on the docket before the morning bell include United Parcel Service (NYSE:UPS), McDonald’s (NYSE:MCD), United Technologies (NYSE:UTX), Lockheed Martin (NYSE:LMT), and Kimberly-Clark (NYSE:KMB). After the close, Chipotle Mexican Grill (NYSE:CMG), Texas Instruments (NASDAQ:TXN) and Snap (NYSE:SNAP) are all expected to report.
Biogen (NASDAQ:BIIB) surged 30% ahead of its earnings results after it said it would pursue Federal Drug Administration approval after positive phase 3 studies for its aducanumab drug for treating the early stages of Alzheimer's.
Meanwhile trade rhetoric continued, with Vice Foreign Minister Le Yucheng saying that progress between the U.S. and China had been made and any differences would be solved “as long as we respect each other.” The two sides shook hands on a limited trade deal last week but have yet to formalize it.
In commodities, gold futures inched up 0.1% to $1,490.65 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 97.093. Crude oil futures jumped 0.4% to $53.73 a barrel.
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.