S&P 500 futures are nearing yesterday’s highs and sitting at best pre-market levels. Futures are up 20 points, or 0.4%, as earnings arrive.
GM shares rose 6% after beating and raising forecasts for strong truck sales. Spotify shares are also up 8% on earnings. Shares of UPS and Pepsi were down slightly after the release, while JetBlue fell 10.5%.
Shares of steelmakers Nucor and Cleveland-Cliffs are also down due to missing profits and lower demand for steel from some key customers.
This article was written by Adam Button at www.forexlive.com.
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