U.S. stock-index futures fell Sunday, ahead of a big week of earnings reports.
As of midnight Eastern, Dow Jones Industrial Average futures
futures were down about 80 points, or 0.2%, while S&P 500 futures
declined 0.5% and Nasdaq-100 futures
sank 0.9%. After starting the overnight trading session with sharp losses, all three indexes were improving somewhat as the session continued.
Futures for U.S. crude
meanwhile, rose nearly $1, to $107.86.
The U.S. stock market was closed Friday. For the week, the Dow
lost 0.8%, recording its third straight week of losses, while the S&P 500
shed 2.1% and the Nasdaq Composite
fell 2.6%, with both booking their second straight week of losses.
Investors are bracing for a flurry of quarterly earnings reports in the upcoming week, including Bank of America Corp.
on Monday morning, Netflix Inc.
on Tuesday afternoon and Tesla Inc.
on Wednesday afternoon. Eyes will also be on Twitter Inc.
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.
and Wells Fargo & Co.
reported earnings last week, to mixed results.