26/10/2022
Politic

Morgan Stanley and Procter & Gamble and are among the companies scheduled to report on how they have performed during the pandemic

ruchvilleby ruchville

U.S. stock futures edged higher ahead of a busy day of earnings reports and the inauguration of Joe Biden as the 46th president.
Futures tied to the S&P 500 rose 0.4% Wednesday, while contracts linked to the tech-heavy Nasdaq-100 rose 0.8%. Dow Jones Industrial Average futures were up 0.2%.
Earnings from Morgan Stanley , Procter & Gamble , UnitedHealth and U.S. Bancorp are due before the opening bell. United Airlines will release its earnings just after markets close.
Stocks have begun the week on an upbeat note, with all three major indexes hovering just below their record highs. Investors remain optimistic that fiscal stimulus is supporting businesses through the damage wrought by the Covid-19 pandemic.
That will put pressure on companies to deliver during this earnings season and meet the markets expectations, said Brian OReilly, head of market strategy at Mediolanum Investment Funds.

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