U.S. stock futures were trading flat on Tuesday as investors parsed through the ...
Citigroup Inc kicked off the earnings season on Monday, with a mixed quarterly report. It posted a better-than-expected profit but a decline in its net interest margin raised concerns that it could signal lower profits across the industry as interest rates have dropped.Trade war remains a key focus for investors this earnings season as well as they look to determine how deeply it would hurt the profits and forecasts of companies.
Profit at S&P 500 companies is likely to dip 0.3%, which would be the first quarterly drop in three years, according to Refinitiv IBES data. Markets have scaled fresh record highs this month on increasing hopes that the Federal Reserve would lower interest rate at its policy meeting, which is two weeks away, to cushion the economy from any slowdown due to trade war.
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