Stock futures pointed to a mixed open of a stacked week with reports from big names like Tesla and Netflix.
US equity futures were a mixed bag in pre-market trading on Monday. The nuanced performance is coming on the heels of a 0.8% gain for the S&P 500 over the previous week. Now, corporate America is gearing up to churn out the financial reports of its biggest and brightest companies.
On Friday, however, the S&P 500 tumbled, alongside its two peers Dow Jones and Nasdaq Composite. The broad-based decline ate into the weekly returns, but at least banks lifted the watermark. High-finance reps like JPMorgan and Citi posted profit and revenue gains, defying a crisis of confidence.
All eyes are now on what’s coming next. On Wednesday, Tesla is revving up to deliver lofty revenue even after its price-slashing marathon over the past month. On Tuesday, streaming kingpin Netflix is about to unveil its first episode of a full three-month period with an ad-supported tier.
