Stocks - U.S. Futures Flat As Earnings In Focus; White House Ends Sanctions Waiver
Stocks – U.S. Futures Flat As Earnings In Focus; White House Ends Sanctions Waiver
U.S. Futures Were Flat On Tuesday As Investors Turned Their Attention To Earnings And The U.S. Ends Its Waiver On Iran Sanctions.
By 7:02 AM ET (11:02 GMT).
Dow Futures Rose 15 Points Or 0.06%
S&P 500 Futures Lost 2 Points Or 0.07%
Tech-Heavy Nasdaq 100 Futures Was Down 9 Points Or 0.1%.
Energy companies were higher in premarket trading after the White House confirmed it was ending waivers to its sanctions on Iran, a huge exporter of oil.
Royal Dutch Shell (LON:RDSA) Was Up 0.4%, While Exxon Mobil (NYSE: XOM) Inched Up 0.1% And Chevron (NYSE: CVX) Gained 0.1%.
Crude oil surged 0.7% to $65.99 a barrel after the news.
Meanwhile, earnings are in full-focus, with Lockheed Martin (NYSE: LMT), Legacy Texas Financial, Six Flags and Snap expected later in the day.
Coca Cola gained 1.5% after its earnings for the first quarter came in better than expected, while Hasbro (NASDAQ: HAS) jumped 5.5% after it beat forecasts.
Tesla (NASDAQ: TSLA) Slumped 0.6% As Investors Were Skeptical Of CEO Elon Musk’s Comments That The Luxury Car Maker Will Have A Fleet Of Driverless Taxis Next Year.
On The Data Front, New Home Sales Are Out At 10:00 AM ET (14:00 GMT), While The House Price Index For February Is Expected At 9:00 AM ET (13:00 GMT).
In commodities, Gold Futures Fell 0.2% To $1,274.85 A Troy Ounce, While The U.S. Dollar Index, Which Measures The Greenback Against A Basket Of Six Major Currencies, Was Flat At 97.00.