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U.S. equity futures edged higher Tuesday, while the dollar extended gains and Treasury bond yields bumped to multi-year peaks, as investors reacted to hawkish comments from an influential Federal Reserve President, a resurgence in fighting in eastern Ukraine and the start of a wave of corporate earnings reports on Wall Street.
Johnson & Johnson posted stronger-than-expected first quarter earnings Tuesday but lowered its full-year profit forecast, and suspended its guidance for vaccine sales amid what it called a global surplus and waning demand.
Stock futures slip as risk appetite wanes, Treasury yields rise; Week Ahead: earnings and housing data in focus; Twitter drama continues as Musk hints at tender offer, board mulls $43 billion takeover; Tesla shares edge higher amid reports of Shanghai factory re-start and Alex Jones' Infowars files for Chapter 11 bankruptcy.
U.S. stocks edged lower Monday, while the dollar extended gains against its global peers, as investors looked to form a path between the impact of rising Treasury yields and a hawkish Federal Reserve against the potential for a near-term boost from the first quarter earnings season.
Jim Cramer sizes up next week's earnings reports as he hunts for stocks with growth at a reasonable price.