Key Levels for October 18th + Earnings Season Heats Up 🔥: Futures Edge Lower on Tuesday
- Stock futures dipped as earnings season picked up steam.
- Dow Jones Industrial Average futures fell by 0.1%, equivalent to 30 points.
- S&P 500 futures and Nasdaq-100 futures edged 0.1% and 0.09% lower, respectively.
- United Airlines saw its shares drop over 4% in extended trading due to soft guidance.
- J.B. Hunt shares also faced a more than 3% loss due to disappointing results.
- The previous trading session was relatively muted, with the Dow Jones Industrial Average rising about 13 points (0.04%) to 33,997.65, the S&P 500 inching 0.01% lower to 4,373.20, and the Nasdaq Composite lagging with a 0.25% decline to 13,533.75.
Speculators Can Make Fast Money
An investor with good judgment can make quick money in futures because essentially they are trading with 10 times as much exposure as with normal stocks. Also, prices in the future markets tend to move faster than in the cash or spot markets.
Keep it profitable,
ProTrader Mike
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