HomeBusinessStock futures decline as investors gird for start of 2Q earnings

Stock futures decline as investors gird for start of 2Q earnings

Traders on the floor of the NYSE, June 27, 2022.

Source: NYSE

U.S. stock futures fell early on Tuesday as Wall Street looks ahead to what many expect will be the start of a volatile second quarter earnings season this week.

Dow Jones Industrial Average futures slipped by 156 points, or 0.5%. S&P 500 and Nasdaq 100 futures dipped 0.56% and 0.65%, respectively.

Shares of Gap fell more than 3% in extended trading after the apparel retailer said CEO and president Sonia Syngal is stepping down from her position.

The Dow on Monday’s session shed 164.31 points, or 0.5%. The S&P 500 fell 1.2%, while the Nasdaq Composite lost nearly 2.3%.

Those moves come as investors prepare for companies to start reporting their latest results. Market participants will watch for downside risk to earnings forecasts as companies grapple with rising interest rates and greater inflationary pressures, and as Wall…

Read more at www.cnbc.com

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