US STOCKS-Futures rise ahead of earnings rush

lunes 18 de julio de 2016 07:34 GYT
 

* Futures up: Dow 24 pts, S&P 4 pts, Nasdaq 4.5 pts

By Yashaswini Swamynathan

July 18 (Reuters) - U.S. stock index futures were slightly higher on Monday, coming off a record-setting week for Wall Street that followed robust economic data and strong earnings.

* Equity futures had dipped after the close on Friday, but have since shrugged off the impact of an attempted coup in Turkey.

* The U.S. stock market will be tested this week, when the onslaught of company earnings could help investors assess evidence of a second-half profit rebound.

* Bank of America, the No.2 U.S. bank by assets, reported quarterly earnings that fell, but beat analysts expectations. The bank's shares rose 0.3 percent to $13.70 in premarket trading.

* After similar market-beating results from some companies last week, earnings of S&P 500 companies are now estimated to have declined 4.7 percent in the second quarter, less than the 5 percent drop estimated earlier, according to Thomson Reuters data

* That adds to hopes that earnings contraction bottomed out in the previous quarter, a view that could be reinforced when IBM, Yahoo and Netflix report results after markets close.

* Gold prices have fallen, while the yen was lower, indicating investors' favor for more riskier assets has been growing after weeks of uncertainty.   Continuación...