Dow futures point to a modest open ahead of gains

U.S. stocks were slightly higher Monday morning, as market participants awaited further earnings reports. At around 2:00 a.m. ET, Dow futures were up 19 points, indicating a positive open of more than 18 points.

Futures for the S&P and Nasdaq were both slightly lower.

Corporate earnings will be the biggest focus Monday, with two of the biggest Wall Street banks reporting.

Citigroup and Goldman Sachs will update investors before the bell as well as Charles Schwab and M&T Bank.

Market players are also carefully watching any Fed-related developments amid predictions of a potential cut in rates. Speaking to CNBC Friday, Mohamed El-Erian, Allianz’s chief economic advisor, said the Fed has gone from “too hawkish” last year to “too dovish” at the moment. Chicago Fed President Charles Evans speaks exclusively to CNBC at 8.30 a.m. E.T.

On the data front, there will be Empire State manufacturing data at 8.30 a.m. ET and TIC data at 4 p.m. ET.

Source: CNBC

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