By Oliver Gray
Investing.com - U.S. stock futures traded steady in early APAC deals on Tuesday after major benchmark indices were closed during Monday’s session for a public holiday, with investors bracing for the latest batch of fourth quarter earnings reports.
Dow Jones Futures were down 0.04% S&P 500 Futures eased 0.02% and Nasdaq 100 Futures lost 0.19%.
Major banks Wells Fargo & Company (NYSE:WFC), JPMorgan Chase & Co (NYSE:JPM) and Citigroup Inc) (NYSE:C) kicked off the earnings season on Friday, with the three companies posting better-than-expected profits but receiving a mixed reaction from the market. Traders will also be focusing heavily on upcoming reports from Bank of America Corp (NYSE:BAC), UnitedHealth Group Incorporated (NYSE:UNH) and Netflix Inc) (NASDAQ:NFLX), while Goldman Sachs Group Inc (NYSE:GS) is also set to post its most-recent quarterly figures Tuesday before the opening bell.
Meantime, market participants are monitoring the spread of the Omicron coronavirus variant, with countries and regions across the globe reinstating lockdowns and other social distancing measures to curb the outbreak. However, recent data indicates the spread may be easing, with the seven-day average of daily new cases in New York falling from a record earlier this month, according to data compiled by Johns Hopkins University, while cases are also falling in South Africa and the UK.
On the bond markets, United States 10-Year rates lifted to fresh 2-year highs of 1.818%.