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US Stocks Set To Open On A Mixed Note As Investors Await Earnings From Tesla, Boeing, GM And Others: Strategist Predicts Significant Gains In This Bull Market

U.S. stocks could get off to a mixed start on Monday after the averages posted weekly gains for a sixth straight week.

Earning news flow will pick up momentum in the coming days, potentially cushioning any downside, with Tesla Inc. (NASDAQ:TSLA), Boeing Co. (NYSE:BA), General Motors Co. (NYSE:GM) and several others set to post their results through Friday.

Nearly a fifth of S&P 500 companies are set to report their earnings this week. Cumulative earnings of S&P 500 companies are set to rise for a fifth straight quarter, FactSet said. According to the analytics firm, 79% of the 14% of S&P 500 companies that have reported so far have exceeded Street expectations.

On Monday, traders could focus on earnings from over 100 S&P 500 companies, and some focus could also be on the housing market.

Futures

Performance (+/-)

Nasdaq 100

-0.23%

S&P 500

-0.08%

Dow Jones

0.03%

R2K

0.17%

In premarket trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.21% to $583.38 and the Invesco QQQ ETF (NASDAQ:QQQ) declined 0.38% to $492.60, according to Benzinga Pro data.

Cues From Last Week:

Despite simmering tensions in the Middle East, Energy was the worst-performing sector in the market due to multiple factors. Slower economic growth in China and a surge in U.S. oil production resulted in a fall of over 8% in WTI crude prices.

The Dow Jones Industrial Average and the S&P 500 ...