The benchmark US stock measures were mostly pointing higher before the opening bell Monday as investors gear up for the latest earnings season. Standard & Poor's 500 rose 0.2% and the Nasdaq added 0.3% in premarket activity, while the Dow Jones Industrial Average ticked down 0.1%. The majority of Asian exchanges were tracking in the green while European bourses were mixed to lower midday on the continent.
With no economic reports scheduled for Monday, traders await the latest quarterly results from several major corporations and banking giants later this week. UnitedHealth, Johnson & Johnson, Bank of America, Goldman Sachs and Citigroup post earnings on Tuesday. Netflix and Morgan Stanley will release their financial statements on Thursday.
Procter & Gamble and American Express results are scheduled for Friday. Federal Reserve Bank of Minneapolis President Neel Kashkari is slated to speak at 9 am ET and later at 5 pm. Federal Reserve Governor Christopher Waller speaks at 3 pm. Shares of Boeing declined 2% pre-bell as the plane maker disclosed plans last week to cut 10% of its total workforce and announced a wider-than-expected preliminary third-quarter loss.
MicroStrategy spiked 5.7% while Coinbase Global gained 4.4%. Before the opening bell, bitcoin jumped 3.7% to $64,918, West Texas Intermediate crude oil dropped 2.4% to $73.78 a barrel, yields on 10-year Treasuries inched 0.2 basis points higher to almost 4.1% and gold was unchanged at $2,676 an ounce..