U.S. futures mixed after bleak U.S. growth report
U.S. futures were mixed Monday after disappointing growth results and better-than-expected quarterly results from Google's parent Alphabet and Amazon.
Here’s where American markets stand ahead of Monday's opening bell:
Dow Jones: -.13%
Nasdaq: +.14%
S&P: +.16%
U.S. stocks also were higher on Friday after the results from Alphabet and Amazon, as well as a small recovery in oil prices. Investors seemed largely unfazed by the bleak growth. The U.S. Commerce Department reported a measly 1.2% of growth in the second quarter. Durable goods had low figures as well.
Asian markets also performed well Monday despite the U.S. growth report. Japan’s Nikkei 225 stock index gained 0.3% to 16,624.10, while Hong Kong’s Hang Seng index rose 1.3% to 22,178.73. The Shanghai Composite Index fell 1.3% to 2,942.24.
Benchmark U.S. crude increased 16 cents to $41.76 a barrel in electronic trading on the New York Mercantile Exchange. That's after it reversed earlier losses on Friday, ending at $41.60 that day.
Brent crude rose 19 cents to $43.72. It had gained 30 cents to $43.53 a barrel Friday in London.
Contributing: Associated Press.