(Reuters) -The Nasdaq index looked set to open lower on Monday as big technology stocks retreated ahead of first-quarter results later this week, while investors awaited clarity on a new tax plan from President Joe Biden.
REUTERS/Carlo AllegriHigh-flying firms, including Alphabet Inc, Amazon.com Inc and Microsoft Corp, were flat to 0.3% lower in premarket trading.
Of the 123 companies in the S&P 500 that have reported so far, 85.4% have topped analysts’ earnings estimates, with Refinitiv IBES data now predicting a 33.9% jump in profit growth.
ET, Dow e-minis were up 45 points, or 0.13%, S&P 500 e-minis were down 1 points, or 0.02%, and Nasdaq 100 e-minis were down 31.25 points, or 0.22%.
Shares of oil companies, including ExxonMobil Corp, Chevron Corp, Occidental Petroleum and Marathon Petroleum, shed between 0.2% and 0.7% as oil prices fell.
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