Wall Street futures pointed moderately lower pre-bell Monday as traders girded for another heavy week of earnings reports amid brewing geopolitical tensions. In the futures, the S&P 500 fell 0.2%, the Nasdaq declined 0.3%, and the Dow Jones was off 0.1%. Asian exchanges traded unevenly overnight after a rate cut by Beijing's central bank underwhelmed traders.
Tokyo investors were cautious ahead of weekend national elections. European bourses tracked moderately south midday on the continent. Corporate titans Tesla, Amazon.com, Coca-Cola, GE Aerospace, T-Mobile, Verizon, Danaher, Texas Instruments, Lockheed Martin, General Motors, 3M, IBM, AT&T, Boeing, UPS, L3Harris Technologies, and Colgate-Palmolive are on deck to report earnings this week, among many others.
Atlantic Union Bankshares traded marginally lower pre-bell after the bank reported higher Q3 adjusted earnings and revenue. The bank posted earnings above the expectations of analysts surveyed by Capital IQ but missed on revenue. Atlantic Union Bankshares also disclosed it agreed to buy Sandy Spring Bancorp in a $1.6 billion all-stock deal.
On the economic calendar is the September leading indicators bulletin at 10 am. Federal Reserve Dallas President Lorie Logan speaks at 8:55 am ET, Minneapolis Fed President Neel Kashkari at 1 pm, and Kansas City Fed President Jeffrey Schmid at 5:05 pm. In pre-market action, Bitcoin traded at $68,388, West Texas Intermediate crude oil traded higher at $70.01, and 10-year US Treasuries offered 4.14%.
Spot gold traded for $2,729 an ounce, again testing record highs..