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U.S. Stock futures case in a week



U.S. stock futures fell Monday, as investors turned cautious in a busy week of earnings, economic reports – headlined by a midweek US Federal reserve policy update – and a new round of US-China trade talks.

How are benchmark indexes trading?

Dow Jones Industrial Average futures

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     YMH9, -0.81%

slid 191 points, or 0.7%, to 24,504, while S & P 500 futures

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     ESH9, -0.61%

fell 16.25 points, or 0.6%, to 2,647.50. Nasdaq-100 futures

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     NQH9, -0.66%

dropped 45.50 points, or 0.7%, to 6,746.50.

On Friday, the Dow

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     DJIA, + 0.75%

climbed 183.96 points, or 0.8%, to end at 24.737.20. The blue-chip index edged up 0.1% for the week, extending gains for a fifth week in a row. The S & P 500

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     SPX, + 0.85%

rose 22.43 points, or 0.9%, to 2,664.76, down 0.2% on the week. The Nasdaq Composite

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     COMP, + 1.29%

climbed 91.40 points, or 1.3%, to 7,164.86, for a weekly rise of 0.1%.

Read: Stock-market bulls look to put faith in Fed as earnings continue to roll

What's driving the market?

Friday's equity gains came after a surprise deal between President Donald Trump and congressional leaders to reopen the government until Feb. 15, for now ending a 35-day partial shutdown. Lawmakers wants to debate funding for an extension of the southern border wall.

But fears of another shutdown were not there as well as 50-50 chance of a deal over border-wall funding deadline, in an interview with The Wall Street Journal.

Meanwhile, some wariness ahead of a Fed meeting and a huge week for earnings were keeping investors cautious. The central bank wants convene its two-day meeting on Tuesday, with no change in key interests expected. Attention is likely to focus on a news conference with Fed Chairman Jerome Powell for any clues on future policy.

Read: Why upbeat investors are counting on the Powell put, the Trump put and the Xi put

Earnings wants to swing into focus in a big way this week, starting with CATERPILLAR

CAT, + 3.11%

whose shares are down 4.3% in premarket trade, following earnings report which shows fourth-quarter earnings forecasts.

After the close, Whirlpool Corp. .

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     WHR, + 1.77%

is set to report. Investors wants to hear from big names such as Facebook Inc .

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     FB, + 2.18%

Amazon.com Inc .

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     AMZN, + 0.95%

and Apple Inc .

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     AAPL, + 3.31%

Optimism over earnings so supported stocks last week.

Caterpillar earnings: Analysts expect good news on mining and an update on China

Read: Do not worry, Mr President, the media is about to pay more attention to earnings

Trade wants to come into focus, with talks aimed at resolving the impasse over Chinese technology ambitions and later in the week, headed up by US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He.

What data area ahead?

A reading of business activity is due with the Federal reserve of Chicago's national activity index due at 8:30 a.m. Eastern Time, while a Dallas Fed manufacturing survey is due at 10 a.m.

What are the analysts and traders saying?

Dave Lutz, head of ETFs at JonesTrading, in a Monday, says, "What are some of the most dangerous things we've ever seen?" -morning research note. "We have many unknowns ahead of this week, with US China Trade Talks, The FOMC decision, US Jobs Report, 124 S & P names [reporting]a heavy tech reporting week with AAPL, AMZN and MSFT highlighting, and Angst over tomorrow's Brexit vote.

Caterpillar earnings: Analysts expect good news on mining and an update on China

Read: Do not be scared of a bear market, here's what to do [19659002] How are other markets trading?

Meanwhile, stocks in Asia finished mixed with the Nikkei 225 index

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     NIK, -0.60%

closing down 0.6% and Hong Kong's Hang Seng Index

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     HSI, + 0.03%

ending flat. European stocks were lower, with the Stoxx Europe

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     SXXP, -0.65%

Slipping 0.2%.

Crude oil prices

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     CLH9, -1.94%

were under pressure, while gold futures

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     GCG9, + 0.05%

inched higher and the ICE. Dollar Index

DXY, + 0.02%

a measure of the U.S.. currency against a basket of six major rivals, what flat. The British pound

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     GBPUSD, -0.3106%

fell 0.2% to $ 1.3168 as of a series of Brexit-related votes in the U.K. parliament that could delay or even cancel the country's exit from the European Union.

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