U.S. Stock Futures Are Higher With Robust Earnings Results Driving Primary Equity Indexes Higher

United Asset Strategies |

U.S. stock futures are higher:  Robust earnings results are driving primary equity indexes higher this morning.  On these strong results, global markets are also higher and it has provided a positive catalyst for investors with dip-buying continuing in technology shares.  Earnings for S&P 500 companies are on track for a fourth consecutive quarter of growth above 20 percent, according to FactSet.  Treasuries remain range bound as corporate earnings take the center stage with Friday’s employment report looming.   ADP reported that companies cut 301,000 jobs in January versus a 200,000 gain estimate and this was the first reported net job loss since December 2020.  The deviation is mainly due to the variant.  Friday’s employment estimate is for a positive 150,000.  Treasuries remain flat post ADP announcement.  Global energy prices remain stable as OPEC+ is expected to maintain its current production levels.