US markets open again after the MLK holiday and stock futures are firmly higher. A number of stocks are in play, including Citigroup Inc (NYSE:C).
The Dow Jones closed on Friday up 228 points at 25,803 and futures are a whopping 229 points ahead of that. S&P 500 futures are 12.75 points ahead, the index having closed out last week up 18 at 2,786.
The tech heavy Nasdaq closed last week over 49 points ahead at 7,261. Futures today are up 43.5 points.
Global oil major BP (NYSE:BP) is in focus before the bell and is likely to be in New York trade, slipping 2.25% in London as news emerged that it expects to take around a US$1.7bn post-tax non-operating charge in its fourth quarter results as part of the settlement of the 2010 Deepwater Horizon spill in the Gulf of Mexico.
Viacom Inc (NASDAQ:VIAB) shares (up 9.57%) could also be on the move again today after it, and CBS (NYSE:CBS) surged (up 1.82%) on Friday. News emerged that the two companies could be reunited again.
Shares in Citigroup are up 1.69% to US$76.84 in pre-market, as Wall Street expects the group to report quarterly earnings of US$1.24 per share on revenues of US$17.41bn before the opening bell.
Citigroup is scheduled to report earnings within the hour. Here's what to expect: No profits. https://t.co/pJyja7Yz4n via @chris_rexrode
— WSJ Markets (@WSJmarkets) 16 January 2018
Elsewhere, analysts are expecting IHS Markit Ltd (NASDAQ:INFO) to have earned US$0.51 per share on revenues of US$912.25mln in the latest quarter.
The company will release earnings before the markets open. Shares added 0.82% to close at US$47.85 each on Friday.