Stock futures steady as Dow extends winning streak; Charles Schwab and Microsoft lead gains

1 min read
Source: CNBC
Stock futures steady as Dow extends winning streak; Charles Schwab and Microsoft lead gains
Photo: CNBC
TL;DR Summary

U.S. stock futures were little changed after the Dow Jones Industrial Average extended its winning streak to seven days, marking its longest string of gains since March 2021. Second-quarter earnings season is off to a strong start, with 82% of S&P 500 companies exceeding expectations. Investors are optimistic about a soft-landing scenario and a rebound in tech earnings. Meanwhile, U.S. Treasury yields fell as investors assessed global inflation outlook. In other news, UK inflation came in below expectations, New Zealand's inflation rate slowed for the second straight quarter, and business sentiment weakened in Japan. After-hours, Carvana shares dropped over 10% ahead of its second-quarter earnings report, and U.S. stock futures opened lower.

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