Dollar falls after Senate's health care bill is scuppered
U.S. stock futures on Tuesday pointed to a small step up at the open, powered in part by Netflix Inc.'s earnings-driven leap in premarket trading.
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Investors are waiting for fresh figures on import prices and the housing market, as well as for another raft of quarterly results from household names such as Charles Schwab Corp.
S&P 500 futures held steady at 2,458.75, while Dow Jones Industrial Average futures nudged 14 points higher to 21,595. Nasdaq-100 futures were up 3.75 points, to 5,858.
On Monday, the S&P 500 and Dow finished down by less than 0.1%, edging away from their all-time closing highs hit Friday. The Nasdaq Composite added less than 0.1%, creeping closer to its June 8 record close.
The dollar fell against its main rivals after Republican leaders in the Senate late Monday ditched their effort to repeal and simultaneously replace Obamacare (http://www.marketwatch.com/story/health-care-overhaul-seems-sunk-as-two-more-republicans-oppose-senate-bill-2017-07-17), also known as the Affordable Care Act.
Individual movers: Shares in Netflix (NFLX) jumped in premarket action after the streaming giant late Monday posted larger-than-expected growth in subscribers while reporting quarterly earnings.
Read:Netflix hits another major milestone, stock heads for records (http://www.marketwatch.com/story/netflixs-international-focus-pays-off-with-big-milestone-stock-heads-for-records-2017-07-17)
Schwab (SCHW) , UnitedHealth Group Inc. (UNH) , Johnson & Johnson (JNJ) , Harley-Davidson Inc. (HOG) , Bank of America Corp. (BAC) , Lockheed Martin Corp. and Goldman Sachs Group Inc. (GS) are among the companies expected to post earnings before the open.
See earnings previews for: Bank of America (http://www.marketwatch.com/story/bank-of-america-earnings-expect-flat-trading-but-boost-in-advisory-fees-2017-07-17), Johnson & Johnson (http://www.marketwatch.com/story/johnson-johnson-earnings-a-challenging-second-quarter-poised-for-a-turnaround-2017-07-11), Harley-Davidson (http://www.marketwatch.com/story/harley-davidson-earnings-us-retail-sales-expected-to-decline-in-the-second-quarter-2017-07-17)
Economic news: A June reading on U.S. import prices is slated to hit at 8:30 a.m. Eastern Time, followed by a July figure for a home builders' index at 10 a.m. Eastern.
Check out:MarketWatch's Economic Calendar (http://www.marketwatch.com/economy-politics/calendars/economic)
Other markets: Oil futures were edging up, recovering a little from the prior day's slump. European equities were mostly lower, while Asian markets closed mixed. Gold futures traded modestly higher.
(END) Dow Jones Newswires
July 18, 2017 06:41 ET (10:41 GMT)