Stock Futures Point to Steady Start for Wall Street


Stock futures indicate a steady start for Wall Street on Monday as traders prepare for a busy week of corporate earnings. Last week, equities closed with strong gains, with the S&P 500 rising 2.4% and the Nasdaq gaining 3.3%.

Notable Stocks Making Moves

  • Tesla (TSLA): In premarket trading, Tesla is up by 1.7% following the rollout of its first Cybertruck off the assembly line. Although the truck was initially introduced in 2019, production was repeatedly delayed due to supply-chain issues.

  • United Airlines (UAL): Shares of United Airlines rose by 1.1% after the airline and its pilots’ union reached a contract agreement that includes increases in pilot pay of up to 40% over four years.

  • Microsoft (MSFT) and Sony: Microsoft and Sony have agreed to keep Activision Blizzard’s popular video game, Call of Duty, on Sony’s PlayStation system after Microsoft completes its acquisition of Activision. Sony had expressed concerns about the merger, fearing that Call of Duty would become exclusive to Microsoft’s Xbox system. The Wall Street Journal reported that a 10-year agreement had been reached. Microsoft shares rose by 0.7%, U.S.-listed Sony increased by 0.1%, and Activision saw a jump of 4.7%.

Upcoming Earnings Reports

This week, earnings reports are expected from the following companies:

  • Bank of America (BAC)
  • Morgan Stanley (MS)
  • Lockheed Martin (LMT)
  • Tesla (TSLA)
  • Netflix (NFLX)
  • Goldman Sachs (GS)
  • International Business Machines (IBM)
  • Johnson & Johnson (JNJ)
  • Philip Morris (PM)
  • United Airlines (UAL)
  • American Airlines (AAL)
  • American Express (AXP)
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