Dow futures dipped 50 points. S&P 500 futures and Nasdaq 100 futures both fell about 0.1%. Wall Street is coming off a winning week on the back of strong corporate earnings. The blue-chip Dow gained more than 1% last week and closed Friday at a record. Major averages have all registered solid gains for October. S&P 500 companies are expected to grow profit by about 35% in the third quarter. Some of the biggest technology companies are slated to report earnings this week. A third of the Dow companies also is set to release quarterly results. Transports, consumer discretionary, and large-cap tech have led the market higher these past two weeks. Industrials, real estate, materials and financials have all popped at least 7% over the same period. "Growth worries around supply chain constraints are beginning to fade," said Lindsey Bell, chief investment strategist at Ally Invest.
Posted by ashcrofts