FXStreet (Mumbai) – The major equity index futures trade with moderate gains ahead of the US opening bell after quarterly results from big companies beat expectations.
Amazon, Visa and Starbucks rise in pre-market trading
Amazon jumped 18%, a day after the firm reported an unexpected profit. Shares in Dow component Visa rose more than 4% after its quarterly results beat the street expectations by a wide margin. Meanwhile, Starbucks strengthened 4.3%, again on higher quarterly profit.
The US equities fell on Monday, its third straight session of losses after disappointing corporate results and forecasts added to concerns about the outlook of the US economy.
As per Reuters data, “Second-quarter S&P 500 earnings have been mixed, with 75% of companies so far beating analysts’ profit expectations but just 52% surpassing revenue expectations.”
The DJIA futures currently trade 10 points higher at 176845.5. The S&P futures have added 2 points to trade at 2100. The NASDAQ futures are up 7 points to 4626.90.
(Market News Provided by FXstreet)