Futures dip after S&P 500, Dow hit document closing highs By Reuters

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© Reuters. FILE PHOTO: The New York Inventory Trade is pictured in New York

By Shivani Kumaresan

(Reuters) – U.S. inventory index futures eased on Monday after the and the Dow closed at document highs within the earlier session, whereas buyers equipped for quarterly earnings reviews from Coca-Cola (NYSE:) and IBM (NYSE:).

The world’s largest soda maker dipped 0.4% premarket forward of its first quarter report. Know-how firm IBM is slated to put up its outcomes after markets shut.

About 79 S&P 500 corporations are as a result of report earnings this week together with Johnson & Johnson (NYSE:), Netflix Inc (NASDAQ:), Intel Corp (NASDAQ:), Honeywell (NYSE:) and Schlumberger (NYSE:), based on Refinitiv IBES knowledge.

Shares of huge U.S. lenders dipped on Monday after a surge of their quarterly income final week bolstered bets on a robust financial rebound and helped Wall Road’s most important indexes climb.

A pullback within the benchmark 10-year bond yield from 14-month highs in April has additionally eased worries about greater borrowing prices, renewing curiosity in richly valued know-how shares.

At 06:27 a.m. ET, Dow E-minis had been down 75 factors, or 0.22%, S&P 500 E-minis had been down 6.75 factors, or 0.16%, and E-minis had been down 12.25 factors, or 0.09%.

GameStop Corp (NYSE:) jumped 6.5% premarket after Keith Gill, the person generally known as “Roaring Kitty” on social media and whose on-line posts helped spark the latest retail frenzy within the online game retailer, exercised name choices to amass 50,000 extra shares of the corporate.

Crypto shares together with miners Riot Blockchain (NASDAQ:) and Marathon Digital dropped 8.3% and 6.7% after bitcoin plunged as a lot as 14% over the weekend.

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