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Stock futures fell on Sunday as Wall Street braced for a busy earnings week


Trader on the floor of the NYSE, April 14, 2022.

Source: NYSE

U.S. stock futures fell on Sunday night as investors headed for a week of stacked earnings, including reports from big tech companies like Amazon and Apple.

Dow Jones Industrial Average futures fell 0.2%. S&P 500 futures fell 0.3 percent and Nasdaq 100 futures fell 0.4 percent.

These moves come ahead of the busiest week of corporate earnings season. About 160 companies in the S&P 500 are expected to report earnings this week, and all eyes will be on reports from major tech companies, including Amazon, Apple, Google’s parent Alphabet, Meta Platforms and Microsoft.

Meanwhile, investors will follow Twitter, reportedly re-examining Elon Musk’s takeover bid after the billionaire investor revealed he had secured $46.5 billion in financing, according to for a Wall Street Journal report, citing unnamed sources.

On Friday, all the major averages fell as traders absorbed the prospect of rate hikes from the Federal Reserve and the company’s quarterly results for the week.

The Dow Jones Industrial Average lost 981.36 points, or 2.8%, to 33,811.40, in the Dow’s worst day since October 2020. The S&P 500 index fell 2.8% to 4,271.78, or the worst day since March. The Nasdaq Composite fell 2.6% to 12,839.29.

“There have been severe losses in many sectors of the market, while money has rotated into ‘vehicles of protection’ such as Utilities, Staples, Pharma,” said Jonathan Krinsky, director of market engineering at BTIG. , and even large-cap growth. “Those areas, albeit with strong momentum, are currently falling, while the names with low momentum continue to trend down.”

Coca-Cola is expected to report before the alarm on Monday with a management call placed at 8:30 a.m. ET. Other companies reporting on Monday include Activision Blizzard, Otis, Whirlpool and Zions Bancorp.

Wall Street is also looking to a key inflation gauge this week. The Personal Consumption Spending Index is set to be released on Friday before the bell. In February, core PCE was up 5.4%.



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