Stock Futures Boosted by Old Economy Earnings
Stock futures are modestly higher, buoyed by upbeat earnings reports from several blue chips.
Futures on the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are cautiously higher, poised to build on yesterday's strong start to the week.
- General Motors (GM), Coca-Cola (KO), and 3M (MMM) are all on the move higher after respective top-line beats for the third quarter.
Bond yields and gold prices are moving lower, with the 10-year Treasury yield last seen below 4% and bullion last seen down 2.8%.
All eyes were on Japan as the region’s Nikkei surged to record highs before settling up 0.3%, after conservative Sanae Takaichi was voted in as the country’s first female prime minister.
South Korea’s Kospi climbed 0.2%, tapping a sixth-consecutive record high.
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Author's summary: Stock futures rise on strong earnings reports.