Dow Futures are little changed, with earnings and NFP in focus

Author: Oliver Gray

Investing.com – U.S. stock futures were flat in Monday evening trading after major benchmark indexes posted three straight sessions of gains as market participants remain cautious ahead of further earnings reports and key NFP data , which will be published later in the week.

By 7:10 p.m. ET (23:10 GMT), Dow Jones Futures and S&P 500 futures were flat, while Nasdaq 100 futures were up 0.1%.

On extended deals, Pinterest (NYSE:PINS) rose 21.7% after reporting second-quarter EPS of $0.11 vs. $0.18 expected on revenue of $665.93 million vs. $671 expected. USD 41 million, while Elliott Management confirmed its shares in the company.

Avis Budget Group ( NASDAQ:CAR ) rose 6.3% after reporting second-quarter EPS of $15.94, above estimates of $11.59. Revenues were $3.24 billion versus the expected $3.19 billion.

ZoomInfo Technologies Inc (NASDAQ:ZI) gained 12.4% after the company reported second-quarter EPS of $0.21 versus expectations of $0.18 on revenue of $267.1 million versus $254 USD .63 million.

Arista Networks (NYSE:ANET) rose 5.3% after reporting Q2 EPS of $1.08, above estimates of $0.92, and revenue of $1.05 billion vs. expected $978.95 million .

Ahead of the session, investors will be watching the latest earnings data from companies such as Starbucks Corporation (NASDAQ:SBUX), PayPal Holdings Inc (NASDAQ:PYPL), Caterpillar Inc (NYSE:CAT) and Advanced Micro Devices Inc (NASDAQ:AMD). Meanwhile, the July non-farm payrolls report, due on Friday, will also be closely watched.

During Monday’s regular session, the Dow Jones Industrial Average lost 46.7 points, or 0.1%, to 32,798.4, the S&P 500 fell 11.7 points, or 0.3%, to 4,118.6, while the NASDAQ Composite lost 21 .7 points, 0.2% and closed at 12,368.98.

On the data side, the ISM manufacturing PMI came in at 52.8, a better-than-expected 52, marking the 26th consecutive month of growth in factory activity, but at the slowest pace since June 2020, when prices fell to their lowest levels since two years.

On the bond markets, rates on 10-year US bonds were at 2.588%.

Dow Futures are little changed, with earnings and NFP in focus

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