U.S. stock futures were trading in a tight range Tuesday, signaling another day with moves in and out of positive territory as investors waited for more earnings reports and Federal Reserve chief Jerome Powell’s appearance before a Senate committee.
What are markets doing?
Futures for the Dow Jones Industrial Average YMU8, +0.07%[1] were up 10 points at 25,051, while those for the S&P 500 index ESU8, -0.02%[2] slipped 0.75 point to 2,795.75. Futures for the Nasdaq-100 index NQU8, -0.11%[3] dropped 9 points, or 0.1%, to 7,316, weighed by a sharp premarket drop in Netflix Inc.’s shares.
The mostly muted action comes after a mixed day on Monday[4], when the Dow DJIA, +0.18%[5] closed 0.2% higher, while the S&P 500 SPX, -0.10%[6] finished 0.1% lower and the Nasdaq Composite Index COMP, -0.26%[7] fell 0.3%, as upbeat economic data and a round of quarterly results failed to spark much buying.
What is driving the market?
Earnings were in focus again on Tuesday, with heavyweights UnitedHealth Group Inc. UNH, -0.66%[8] , Johnson & Johnson JNJ, -0.98%[9] and Goldman Sachs Group Inc. GS, +2.22%[10] slated to report ahead of the opening bell. CSX Corp. CSX, -1.10%[11] and United Continental Holdings Inc. UAL, +0.22%...