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22 Apr, 2021 12:31 22 Apr, 2021 12:31

US pre-open: Futures slightly lower after the Street's first positive session in three days

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Wall Street futures were relatively flat ahead of the bell on Thursday after major averages recorded some serious gains in the previous session.

As of 1225 BST, Dow Jones futures were down 0.04%, while S&P 500 and Nasdaq-100 futures were 0.09% and 0.11% lower, respectively.

The Dow closed 316.01 points higher on Wednesday after reopening stocks led all three major indices higher.

Corporate earnings were again in focus ahead of the open on Thursday, with AT&T beating Wall Street forecasts and DR Horton raising its full-year outlook on the back of a quarterly profit beat.

Southwest said in its earnings report that it expects to see leisure bookings improve on the back of the US' Covid-19 vaccine rollout, with the airline expecting to breakeven in June, while American Airlines reported a 53% year-on-year decline in quarterly revenues.

Still to come, Intel, Snap, Mattel and Seagate Technology will report after the close.

On the macro front, the Chicago Fed's national activity index for March will be posted at 1230 BST, as will this week's jobless claims figures, while the Conference Board's monthly leading index and March existing home sales data will follow at 15 1400 BST and the Kansas Federal Reserve's April manufacturing index will be published at 1500 BST.


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.