US pre-open: Futures in the green as investors look ahead to tech earnings
Wall Street futures were in the green ahead of the bell on Monday as market participants prep for a week packed full of earnings from the nation's top tech firms.
As of 1210 BST, Dow Jones futures were up 0.34%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.28% and 0.02% firmer, respectively.
The Dow Jones closed 748.97 points higher on Friday as hopes that the Federal Reserve may slow rate hikes offset disappointing earnings from Snapchat owner Snap.
Earnings will again be in focus over the next five days, with Google owner Alphabet and Microsoft set to report on Tuesday, Facebook parent company Meta ready to publish its latest set of quarterly numbers on Wednesday, and Apple and Amazon ready to close out the week on Friday.
Also in the corporate space, Tesla shares traded lower in pre-market after the electric carmaker revealed it will lower prices on certain electric vehicles being sold in China.
On the macro front, the Chicago Fed's September national activity index will be published at 1330 BST, while a flash reading of S&P Global's October purchasing managers index will follow at 1445 BST.
Data from China was also drawing an amount of investor attention, with news that gross domestic product in the People's Republic had expanded 3.9% year-on-year in the third quarter. That was better than the 3.3% rise pencilled-in by economists and well ahead of the 0.4% print seen back in the second quarter.
Reporting by Iain Gilbert at Sharecast.com