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U.S. stock futures little changed as investors digested another batch of earnings

25.10.2021

U.S. stock futures were little changed on Monday as investors digested another batch of earnings and oil hit a seven-year high.

Dow Jones Industrial Average futures ticked up 12 points, or 0.03%, while S&P 500 futures and Nasdaq 100 futures rose 0.08% and 0.15%, respectively. The early gains come after the Dow closed at an all-time high on Friday.

In stocks, Pinterest Inc. said it is not pursuing a deal for the Pinboard site PayPal Inc. The announcement comes after several media outlets reported last week that PayPal was in talks to buy Pinterest for $45 billion, or $70 per share, mostly in stock.

Hertz Global Holdings Inc. placed an order for 100,000 Teslas, the single-biggest order for the electric-car maker's vehicles, according to Bloomberg News citing people with knowledge of the matter.

Kimberly-Clark Corp. beat on earnings and missed on sales with management warning it will raise prices further to mitigate the impact of significant inflation on its margins.

Burger King, the parent company of Restaurant Brands International Inc., reported mixed quarterly results and warned labor shortages were weighing on sales.

In commodities, West Texas Intermediate crude oil jumped 93 cents to $84.69 a barrel, the highest since October 2014, while gold edged up $4.60 to $1,800. 90 an ounce.

European trading was choppy with France's CAC 30 slipping 0.15% while Germany's DAX 30 and Britain's FTSE 100 advanced 0.21% and 0.4%, respectively.

In Asia, Japan s Nikkei 225 gained 0.71%, Hong Kong s Hang Seng index slid 0.02% and China s Shanghai Composite gained 0.76%.