Stocks Pause as Traders Digest Disney Earnings

Coming off of two days of strong gains for US markets, including rallies of 0.5%-1.2% for US indices on Monday, US index futures are holding steady this morning trading between -0.1% and +0.1%. Over in Europe, the party is still going with the Dax up 0.4% and the FTSE up 1.0%. Asia Pacific trading was mixed with the Nikkei up 1.5% and the Hang Seng down 0.5%. The US 10-year treasury note yield is sitting just below 4.50%.

On a quiet day for economic news, energy trading is mixed so far today with US Crude Oil down 0.3% and Natural Gas up 0.8%. Metals are pulling back a bit with Gold and Silver down 0.5% and Copper down 0.8%.

The most notable big cap mover this morning is Walt Disney, which is down 5.1% in premarket trading. The House of Mouse beat the street on earnings ($1.21 vs street $1.10) after cutting losses in its streaming division, but disappointed slightly on sales. Suncor Energy and Electronic Arts report results after the close today.

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