Futures mixed and quiet after big tech earnings beats
2016-07-29 07:38:28
Stock futures are trading near fair value as investors try to digest the earnings reports from last night and this morning in the heaviest segment of reporting for the current earnings season. Amid the highlights were two better than expected reports from Alphabet (GOOG) and Amazon (AMZN) last night. Investors will also be watching economic data points scheduled for release, which include the annualized GDP for Q2, personal consumption for Q2, the Chicago Purchasing Manager's report, and the University of Michigan consumer confidence report. In early pre-market trading, Dow futures are 27…
Stock futures are trading near fair value as investors try to digest the earnings reports from last night and this morning in the heaviest segment of reporting for the current earnings season. Amid the highlights were two better than expected reports from Alphabet (GOOG) and Amazon (AMZN) last night. Investors will also be watching economic data points scheduled for release, which include the annualized GDP for Q2, personal consumption for Q2, the Chicago Purchasing Manager's report, and the University of Michigan consumer confidence report. In early pre-market trading, Dow futures are 27 points below fair value, Nasdaq futures are 7 points above fair value and S&P futures are 2 points below fair value.