U.S. stock futures were relatively unchanged during Monday evening’s trading, following a positive session among major benchmark averages. Tech stocks, including NVIDIA, Microsoft, and Alphabet, saw significant gains as investors bought the dip following last week’s slump. The upcoming trading day will be focused on economic data and earnings reports.
U.S. Stock Futures Show Little Change in Evening Deals
During Monday’s evening trading, U.S. stock futures remained largely unchanged. By 6:55pm ET, futures were up 0.1%, indicating a relatively stable start for the trading day. This comes after a positive session among major benchmark averages, which saw gains in tech stocks.
Tech Stocks Gain Momentum After Last Week’s Slump
Several major tech companies, including NVIDIA Corporation, Microsoft Corporation, and Alphabet, bounced back with significant gains after a slump last week. Investors took advantage of the lower prices, buying the dip and driving up the stock prices. Their positive performance contributed to the overall positive sentiment among traders.
Getty Images Holdings Inc Drops 14% on Q2 Losses
Getty Images Holdings Inc experienced a 14% drop in their stock price after reporting Q2 losses. The company’s losses amounted to $0.01 per share, which was below the expected earnings of $0.04 per share. Additionally, their revenue came in at $225.7 million, falling short of the expected $236.26 million. This disappointing performance led to a decrease in investor confidence and a decline in the stock price.
Discover Financial Services CEO to Step Down
Discover Financial Services announced that their Chief Executive Officer and President, Roger Hochschild, will be stepping down. Hochschild will continue to serve as an advisory to the company until the end of the year. This leadership change raised questions and uncertainty among investors, causing a 4.5% dip in Discover Financial Services’ stock price.
Investors to Monitor Economic Data and Earnings Reports
In the upcoming trading day, investors will be closely monitoring economic data and earnings reports. Key economic data, such as housing starts and building permits, will provide insight into the health of the housing market. Additionally, earnings reports from companies including Home Depot Inc, JD.com Inc Adr, Suncor Energy Inc, Alcon AG, and Agilent Technologies Inc are expected to be released. These reports will provide valuable information about the performance and outlook of these companies.
As U.S. stock futures show little change, tech stocks have gained momentum after last week’s slump. However, Getty Images Holdings Inc’s stock price has dropped significantly due to Q2 losses, and Discover Financial Services is experiencing a leadership change. With economic data and earnings reports on the horizon, investors will be closely watching to gauge the overall health of the market.
Analyst comment
Positive news: Tech stocks have gained momentum after last week’s slump.
Negative news: Getty Images Holdings Inc’s stock price has dropped significantly due to Q2 losses and Discover Financial Services is experiencing a leadership change.
Neutral news: U.S. stock futures show little change.
As an analyst, the market is expected to have a relatively stable start with little change in U.S. stock futures. Tech stocks may continue to gain momentum, while Getty Images Holdings Inc’s stock price could continue to decline due to their Q2 losses. The leadership change at Discover Financial Services may create uncertainty among investors. The upcoming economic data and earnings reports will provide insight into the overall health of the market and may impact trading sentiment.
