U.S. stock index futures were little changed in overnight trading.
So far 15% of the S&P 500 has reported earnings, with 88% beating earnings estimates, according to Refinitiv. Of the companies that have reported 84% have topped revenue expectations.
Investors will also be watching the weekly jobless claims number from the Department of Labor on Thursday. Economists polled by Dow Jones are expecting the number of first-time filings to be 350,000, down from the prior reading of 360,000. Existing home sales figures will also be released. "We expect a continuation of sloppy trading through the seasonally-weak summer months; however, our base case remains that the primary trend over the next 12 months remains higher," Keith Lerner, chief market strategist at Truist wrote in a note to clients. "The S&P 500, which just made a new record high last week, has gone one of the longest periods of the past decade without so much as a 5% pullback," he added.
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