Nasdaq-100 futures slid more than 1% Sunday ahead of earnings from Netflix, Tesla and others this week.
As of midnight Eastern, Dow Jones Industrial Average futures YM00, -0.20% futures were down about 80 points, or 0.2%, while S&P 500 futures ES00, -0.48% declined 0.5% and Nasdaq-100 futures NQ00, -0.91% sank 0.9%. After starting the overnight trading session with sharp losses, all three indexes were improving somewhat as the session continued.The U.S. stock market was closed Friday. For the week, the Dow DJIA, -0.33% lost 0.
Investors are bracing for a flurry of quarterly earnings reports in the upcoming week, including Bank of America Corp. BAC, -3.22% on Monday morning, Netflix Inc. NFLX, -2.65% on Tuesday afternoon and Tesla Inc. TSLA, -3.66% on Wednesday afternoon. Eyes will also be on Twitter Inc. TWTR, -1.68%, which on Friday adopted a “poison pill” in the face of a takeover bid announced earlier in the week by Elon Musk.
A number of major banks, including Goldman Sachs Group Inc. GS, -0.10%, Morgan Stanley MS, +0.75% and Wells Fargo & Co. WFC, -4.51%, reported earnings last week, to mixed results.
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