Investors are particularly nervous about bank results because of worries about the health of the global economy and the uncertainty around rising interest rates in the United States. Goldman Sachs (GS) said Monday that its net income fell 20% during the first quarter compared with a year ago. JPMorgan Chase (JPM) reported solid results on Friday and Citigroup (C) posted profit that beat estimates. 2. Can Netflix strike back? Netflix (NFLX) is set to report earnings after the closing bell. Last quarter, the company announced that it would raise its monthly fees. Investors will be looking for a response to Disney’s new streaming service, which was announced last week and is set to debut in November. It will cost roughly half as much as a standard Netflix subscription. Disney (DIS) isn’t the only competition Netflix is facing. Apple (AAPL), Amazon (AMZN) and AT&T’s (T) WarnerMedia are all going big on streaming. Still, shares in Netflix have risen 30% so far this year. 3. Boeing’s 737 Max crisis: Investors will be looking for signs of how Boeing’s 737 crisis has affected United Continental Holdings (UAL) when it reports after the bell. The parent of United Airlines said Monday it was canceling flights through “early July” because of the Boeing 737 Max grounding following two fatal crashes. United doesn’t have any Max 8 jets, the type of plane that was involved in both of the incidents. It does however have 14 Max 9s, which are a slightly longer version of the Max 8. Shares in Boeing (BA) dropped 1.2% Monday following the announcement. 4. Global market overview: US stock futures were pointing higher. European markets opened up, following a mostly positive trading session in Asia. The Dow Jones industrial average closed down 0.1% on Monday. The S&P 500 and the
Bank of America earnings; Netflix pressure; Boeing in focus – CNN
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