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Market Commentary

Futures point to higher open as investors await earnings


Stocks are trading right around fair value after the market closed out last week with one of its best weeks of the year. Investors are preparing for the second quarter earnings season, which will begin in earnest this week. Some of the most in-focus corporations will be reporting, including Netflix, which is scheduled to report after the close. Oil prices are slightly lower while a meeting of senior OPEC officials is underway. In early pre-market trading, Dow futures are 31 points above fair value, Nasdaq futures are 15 points above fair value and S&P futures are 2 points above fair value.

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