Stock Market Today: Dow futures lean higher after first full week of earnings

Oct 25, 2024
stock-market-today:-dow-futures-lean-higher-after-first-full-week-of-earnings

U.S. stock futures were leaning higher early Friday to cap the first full week of earnings season.

Dow Jones Industrial Average futures rose 17 points, or 0%, to 42622.

S&P 500 futures gained 6 points, or 0.1%, to 5855.

Nasdaq-100 futures increased 25 points, or 0.1%, to 20405.

On Thursday, the Dow Jones Industrial Average fell 141 points, or 0.33%, to 42374 — as IBM and Boeing weighed — while Tesla helped the S&P 500 increase 12 points, or 0.21%, to 5810, and the Nasdaq Composite gain 139 points, or 0.76%, to 18415.

Colgate-Palmolive is among the companies set to release results as durable-goods orders and the University of Michigan consumer sentiment measure are on the economic calendar.

According to LSEG data, the 159 S&P 500 companies that have already released results have reported 3.6% earnings growth on 3.3% revenue growth. The remaining companies are expected to show better results, to take earnings growth up to 4.3% on revenue growth of 4.2%, LSEG data shows.

The S&P 500 has a trailing price-to-earnings ratio of 24.7 and a forward P-to-E of 21.9, the LSEG data shows.

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