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Stock futures rise ahead of big week of earnings, coronavirus stimulus in focus; gold soars to new record

A man wearing a mask walks by the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City.

Johannes Eisele | AFP | Getty Images

U.S. stock futures rose early Monday morning as investors braced for a big week of corporate earnings and lawmakers continued coronavirus stimulus negotiations.

Dow Jones Industrial Average futures traded 43 points higher. S&P 500 futures and Nasdaq 100 futures also traded  in positive territory.

The moves in the futures market came as gold prices soared to a new record high. Spot gold traded as high as $1,943.9275 before paring gains to change hands at around $1,930.91. Those levels eclipsed the previous record high price set in September 2011.

McDonald’s, Pfizer, Alphabet, Apple and AMD are among the companies slated to release their latest quarterly figures this week.

Through Friday’s close 128 S&P 500 companies had reported earnings, with 81% beating analyst expectations, according to Refinitiv. However, overall S&P 500 earnings have fallen more than 40% from the year-earlier period as the coronavirus pandemic takes