U.S. stock futures fall headed into big earnings week


U.S. stock-index futures fell Sunday, ahead of a big week of earnings reports.

Dow Jones Industrial Average futures YM00, -0.29% futures fell about 150 points, or 0.5%, while S&P 500 futures ES00, -0.55% sank 0.7% and Nasdaq-100 futures NQ00, -0.95% tumbled 1.1%.

Futures for U.S. crude CLK22, +1.15%, meanwhile, rose to $108.16.

The U.S. stock market was closed Friday. For the week, the Dow DJIA, -0.33%  lost 0.8%, recording its third straight week of losses, while the S&P 500  SPX, -1.21% shed 2.1% and the Nasdaq Composite  COMP, -2.14% fell 2.6%, with both booking their second straight week of losses.

Investors are bracing for a flurry of quarterly earnings reports in the upcoming week, including Bank of America Corp. BAC, -3.22% on Monday morning, Netflix Inc. NFLX, -2.65% on Tuesday afternoon and Tesla Inc. TSLA, -3.66% on Wednesday afternoon. Eyes will also be on Twitter Inc. TWTR, -1.68%, which on Friday adopted a “poison pill” in the face of a takeover bid announced earlier in the week by Elon Musk.

A number of major banks, including Goldman Sachs Group Inc. GS, -0.10%, Morgan Stanley MS, +0.75% and Wells Fargo & Co. WFC, -4.51%, reported earnings last week, to mixed results.

This article was originally published by Marketwatch.com. Read the original article here.

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