Dow Futures Are Up 85pts And Its All Thanks To Twitter’s Solid Earnings
U.S. stocks were seen trading higher earlier today, taking cue from the recent rally and boosted by Twitter’s solid.
At 12:05 GMT, the Dow Futures contract was up 85 points, S&P 500 Futures traded 12 points higher, and Nasdaq 100 Futures went up by 45 points.
This earnings season, which started in January, has been a generally positive one. Data released at the end of last week showed that over 80% of the S&P 500 companies that had reported their Q4 earnings of last year beat expectations
Twitter did better than most companies that reported their earnings yesterday. Its quarterly sales and profit was pretty impressive. It also forecasted a solid start in 2021 as most brands and companies have resumed paying for sponsored ads on twitter. This saw the company’s stock rise over 4% despite twitter’s warning that it expects user growth to slow to low double digits this year.
Q4’s earnings season may be coming to a close, but we are still expecting reports from a number of iconic brands due later today. Some of these brands include: Coca-Cola, Uber and General Motors.