Dow Futures 125 Pts Lower; Netflix Seen Key Earnings Release

Dow Futures 125 Pts Lower; Netflix Seen Key Earnings Release

© Reuters.

By Peter Nurse   

Investing.com - U.S. stocks are seen opening lower Tuesday, the second day of losses after a series of record highs with investors set to digest earnings from big tech companies and consumer-oriented names. 

At 7 AM ET (1200 GMT), the contract was down 125 points, or 0.4%, traded 16 points, or 0.4%, lower, and dropped 50 points, or 0.4%.

The major indices closed lower on Wall Street on Monday, dragged down by overall weakness in the technology sector, but this followed another strong week last week, with the and closing at record highs on Friday.

After a broadly positive round of bank earnings last week, Tuesday sees the first of the so-called FAANG stocks report - the five technology megacaps that dominate the major indices.

Netflix (NASDAQ:) is due to report after the closing bell, and investors will be looking to see if the streaming giant has continued to attract subscribers after they flocked to the company during the early months of the pandemic.

Other key earnings Tuesday include drugmaker Johnson & Johnson (NYSE:), which has had to delay vaccine shipments after questions were raised about blood clotting, consumer goods giant Procter & Gamble (NYSE:) and