Wall Street heads for sluggish open following Monday rally
ABC News
U.S. markets pointed to losses at the open as investors await a slew of major tech companies’ earnings reports in the next few days
NEW YORK -- U.S. markets pointed lower before the opening bell ahead of quarterly earnings reports from a slew of major tech companies over next few days.
Futures for the S&P 500 and the Dow industrials both slipped 0.4% in off-hours trading following a late rally Monday that carried over into most global markets.
Shares advanced Tuesday in Europe after closing mostly higher in Asia, though Chinese shares skidded on renewed concerns over pandemic lockdowns and their potential effect on the economy there.
Britain’s FTSE 100 gained 1% in midday trading, while Germany’s DAX rose 1.1% and the CAC 40 in Paris picked up 1.2%.
