US Futures Edge Lower; Corporate Earnings Ramp Up By Investing.com – Investing.com

US Futures Edge Lower; Corporate Earnings Ramp Up By Investing.com – Investing.com

© Reuters.

By Peter Nurse   

Investing.com - U.S. stocks are seen opening marginally lower Monday, consolidating after last week's record levels ahead of a busy week for corporate results. 

At 7:05 AM ET (1205 GMT), the contract was down 75 points, or 0.2%, traded 8 points, or 0.2%, lower, and dropped 20 points, or 0.2%.

Wall Street registered another strong week last week, with the and closing at record highs on Friday, benefiting from earnings topping estimates and strong economic data. 

The S&P and Dow each gained around 1.4% last week for their fourth straight week of gains, while the posted its third positive week in a row.

The earnings season kicks into top gear this week with just over 70 S&P 500 companies reporting, including 10 Dow stocks. The focus turns from banking to the tech sector, with streaming giant Netflix (NASDAQ:) due to report its latest financial results after the closing bell on Tuesday.

One-time tech bellwether IBM (NYSE:) is also due to report earnings after the close Monday, while attention will also be on Tesla (NASDAQ:), and in particular its self-driving software, after one of its cars was involved in a fatal crash over the