By Oliver Gray
Investing.com - U.S. stock futures traded flat during Monday’s evening deals, after major benchmark indices snapped three sessions of consecutive advance as market participants remain cautious ahead of continued earnings reports and key NFP data due later in the week.
In extended deals, Pinterest (NYSE: PINS ) added 21.7% after reporting Q2 EPS of $0.11 versus $0.18 expected on revenues of $665.93 million versus $671.41 million expected, while Elliott Management confirmed a stake in the company.
Ahead in the session, investors will be watching fresh earnings data companies such as Starbucks Corporation (NASDAQ: SBUX ), PayPal Holdings Inc (NASDAQ: PYPL ), Caterpillar Inc (NYSE: CAT ) and Advanced Micro Devices Inc (NASDAQ: AMD ). Meanwhile, July’s nonfarm payrolls report slated for release Friday will also be closely watched.
During Monday’s regular session, the Dow Jones Industrial Average shed 46.7 points or 0.1% to 32,798.4, the S&P 500 slipped 11.7 points or 0.3% to 4,118.6 while the NASDAQ Composite lost 21.7 points 0.2% and closed at 12,368.98.
On the data front, the ISM manufacturing PMI came in at 52.8 better than the expected 52, posting the 26th consecutive month of expanding factory activity but at the slowest rate since June 2020 as prices softened to two year lows.
On the bond markets, United States 10-Year rates were at 2.588%.
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