Investors prepare for additional earnings releases as stock futures decline after a significant gain in the previous session

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Last Updated on July 20, 2022 by Bitfinsider

On Wednesday, U.S. stock futures fell as traders continued to analyze business results during a hectic earnings season.

The futures for the Dow Jones Industrial Average dropped 31 points, or 0.1 percent. S&P 500 futures fell 0.8%, while Nasdaq 100 futures rose 0.3%.

Despite coming off a big rally in the previous session, investors are preparing for a turbulent earnings season as they look for additional hints about the status of the economy.

The current trading activity has pleased some investors, who think it indicates that the bear market has bottomed. On Tuesday, NYSE equities saw a well observed “90% up day,” with more than 90% of the exchange’s stocks rising along with more than 90% of the volume.

During Tuesday’s session, the Dow gained more than 700 points, while the S&P 500 and Nasdaq also experienced gains of 2.8 and 3.1 percent, respectively. For the first time since April, the three benchmarks closed above their respective 50-day moving averages.

According to a research from the Mortgage Bankers Association, American consumers will continue to suffer as a result of rising costs and interest rates. The demand for mortgages dropped by more than 6 percent last week compared to the week before, reaching its lowest point in 22 years.

As-hours trading saw Netflix gain more than 7 percent after it disclosed that it lost only 970,000 customers in the second quarter rather than the 2 million it had first anticipated. Additionally, the earnings per share of the streaming juggernaut exceeded analyst estimates.


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Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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