Stock Market Today: S&P 500, Dow Jones, Nasdaq Futures Inch Lower— Netflix, Coca-Cola And RTX Corp In Focus

Benzinga

U.S. stock futures are in the red on Tuesday, following Monday’s rally, with major benchmark indices inching lower pre-market.  This comes as billions of dollars worth of projects get held up as the federal government shutdown drags into its third week, with U.S. Treasury Secretary Scott Bessent warning last week that it has now begun impacting the economy and people’s lives.  Investors on Tuesday will be closely watching the earnings of several major companies, such as Netflix Inc. (NASDAQ:NFLX), Coca-Cola Co. (NYSE:KO), Philip Morris International Inc. (NYSE:PM) and RTX Corp. (NYSE:RTX), among several others, to set the tone for the rest of this week.

Transcript

00:00all right futures near flat here today s p futures up 0.03 percent dow futures up 0.04 percent and

00:13the nasdaq futures down 0.01 percent so all futures basically right around the flat line here

00:20going into the morning let's take a look at some cues from last session here the markets witnessed

00:26a strong rally on monday with most sectors in the green barring consumer staples and utilities

00:33strong outperformers included materials industrials and financials posting gains of 1.19 1.18 and 1.17

00:42during the day respectively this comes as billions of dollars worth of projects get held up as the

00:49federal government shutdown drags into its third week with u.s treasury secretary scott besant

00:54warning that last week has now begun impacting the economy and people's lives investors on tuesday

01:01will be closely watching the earnings of several major companies such as netflix which reports after

01:07hours today coke which is already reported this morning and is trading higher philip morris which

01:13i'm not going to trade but that uh traded or excuse me that reported this morning and is trading higher

01:18and then rtx which also reported this morning and is trading higher among several others these will

01:25set the tone for the rest of the week the 10-year treasury bond dipped back below 4 percent currently

01:32yielding 3.97 percent and the two-year bond was at 3.45 percent now we do have some stocks in focus

01:40here the first one's going to be netflix which reports after hours here today shares were up 0.27

01:46in the pre-market with the company expected to release its third quarter earnings after market

01:50closed on tuesday netflix had a big day yesterday leading up to its earnings question is going to be

01:57is it going to have the strength to trade even higher in the event of a beat netflix actually has

02:03pretty good rankings in our proprietary ranking system with the highest score being in growth at around 85

02:08ge aerospace is another stock in focus here today that's ticker ge shares are up 0.43 percent in

02:16the pre-market ahead of the company's third quarter earnings results which were due here those results

02:22are actually out now and ge trading higher here 308 65 bid after closing at 302 yesterday so that stock

02:31also trading higher here post earnings coke is next on the list that's ticker ko shares of the beverage

02:38giant coca-cola are up 0.1 percent in the pre-market ahead of the earnings they're actually trading even

02:44higher now peaking at 71 here in the pre-market on the back of that earnings report the stock does well

02:52on growth but has low scores and pretty much everything else it is in an intact short-term uptrend as well

02:58as a long-term one medium one not so great next one here is going to be philip morris that's ticker

03:04pm they're down 0.04 percent ahead of its earnings report in the pre-market here company uh ahead of

03:12the company's earning report at 9 a.m again they did beat here looks like they did they did 224 versus

03:17the 209 estimate good lord uh so philip morris here trading higher looks like the high print in the

03:23pre-market here was 166 rtx is the last uh stock on our list here defense industry heavyweight rtx was

03:32up about a half a percent in the pre-market as investors awaited their third quarter results

03:37they ended up reporting and screaming even higher topping at 173 83 there they had a 142 eps versus the

03:44one excuse me they had a 1.7 eps versus the 142 uh estimate so they actually beat and moved higher

03:51higher as well

03:52as well

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