Dow Jones futures still in the red today after Johnson & Johnson results

A little earlier today one of the US household names released their Q2 earnings results. Those came from Johnson & Johnson (JNJ) and they did beat slightly on both the top and the bottom line. However, at the same time JNJ did downgrade their full year EPS guidance. JNJ is ranked 20 in the Dow Jones by weight and hence not necessarily a component that can shift the index on its own. Ahead of this the Dow Jones futures were trading in the red today and they are still underwater now. The Nasdaq 100 future is still struggling and that is having an impact to a degree, but the divergence between the two indexes was significant yesterday and so not too much importance is placed on the influence of the Nasdaq futures price today. That said, the Dow Jones enjoyed a pretty spectacular day yesterday, given all that surrounded it and of course we have United Health to largely thank for that. It is also perfectly reasonable to expect the Dow Futures to reflect a paring in the 742 point rise seen yesterday, when the index closed at 40,954. The Dow Jones is just now priced to reopen at around 40,865