Futures up ahead of earnings and data, Middle East tensions weigh
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo
Israeli bombardments intensified ahead of a likely ground invasion, dashing hopes of a brief ceasefire in southern Gaza as residents of the Hamas-ruled region said the overnight strikes were the heaviest yet in nine days of conflict. Third-quarter earnings for S&P 500 companies, including energy, is estimated to grow 2.2% on an annual basis, LSEG data showed.
Investors will look out for economic data including retail sales for September and the Philly Fed Business Index for October later this week, while the New York Fed's Manufacturing for October will be watched before market open.
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