DJIA futures down 21 points (Il Sole 24 Ore Radiocor) - New York, 08 May - US futures were in holding pattern mode ahead of another round of earnings and appearances from a series of Federal Reserve officials.

Wall Street ended mixed yesterday with the Dow up 0.8% to log a fifth straight session of gains, its longest winning streak since December. The S&P 500 rose 0.1% while the tech-heavy Nasdaq fell 0.1%.

In a quiet week for economic data, investors are keeping a close eye on comments from Fed policymakers for clues on where interest rates may be heading in coming months.

Stubborn inflation has prompted the Fed to put back the timetable for rate cuts and prompted traders to recalculate their expectations for the number of cuts this year.

Yesterday Minneapolis Federal Reserve president Neel Kashkari said the central bank would need to hold borrowing costs steady for 'an extended period and possibly all year.' Remarks are expected today from Fed vice chair Philip Jefferson, Boston Fed president Susan Collins and Fed governor Lisa Cook, all scheduled to attend events.

On the earnings front Uber and Shopify are among companies reporting before the open while Airbnb and Arm Holdings will update after the closing bell.

With nearly 90% of S&P 500 companies having already reported, earnings are up about 4% on the year, according to FactSet.

On the stocks front shares in Reddit jumped 12.5% in premarket trade after the social media company beat revenue forecasts while ride-hailing firm Lyft was up 6% after encouraging results. DoubleVerify slumped more than 40% after the advertising data-software group forecast slower growth this year.

Futures on the Dow Jones were down 21.00 points, or 0.05%, S&P 500 futures were down 8.25 points, or 0.16%, while futures on the Nasdaq were 35.50 points, or 0.20%, lower.

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(RADIOCOR) 08-05-24 13:49:36 (0397) 5 NNNN