US Futures Split as Chip Losses Put Focus on Bank Results
Dow contracts advanced while Nasdaq futures slipped, as memory-chip losses in South Korea and Tuesday’s major bank reports shaped trading.
Key takeaways
- Dow futures rose while S&P 500 and Nasdaq-100 futures edged lower.
- JPMorgan Chase, Goldman Sachs and Citigroup report results Tuesday morning.
US stock futures were mixed Tuesday, with Dow contracts higher and Nasdaq-100 futures lower. At 08:16 UTC, Dow futures traded at 52,450, up 0.65% since the previous close; S&P 500 futures were at 7,855.25, down 0.03%, and Nasdaq-100 futures were at 30,720.25, down 0.58%.
South Korea’s KOSPI fell 6% as Samsung and SK Hynix shares extended a memory-chip sell-off. The decline followed Chinese memory maker CXMT’s announcement of progress on a new memory-cell design.
JPMorgan Chase, Goldman Sachs and Citigroup were due to report results Tuesday morning. Investors will look for signs that rising interest rates are weighing on trading, while existing home sales are the main economic release on Tuesday’s calendar. Inflation data is due later in the week.
This article was produced with the help of AI technology. Source: Yahoo Finance
