US Stock Futures Tick Higher as Tech Earnings Take Center Stage
Dow Futures Lift, Major Tech Earnings in Focus
US stock futures are showing signs of improvement on Sunday night after a week of significant declines in major benchmark averages. Investors are eagerly awaiting a fresh wave of earnings results from major tech companies like Alphabet, Amazon.com Inc, and Microsoft Corporation.
Positive Movement in Futures
By 6:45 pm ET (10:45 pm GMT), stock futures have risen by 0.1%, while NASDAQ and S&P 500 have experienced a 0.2% lift.
Upcoming Economic Calendar
Investors are keeping a close eye on the economic calendar, with a focus on preliminary manufacturing and services PMIs, housing data, and expectations surveys. Additionally, speeches by influential figures like central bank officials will be watched for clues on the market’s direction.
Busy Week for Earnings
This week promises a flurry of earnings reports from various companies. Some notable ones include W. R. Berkley Corp, Microsoft Corporation, Alphabet Inc Class C, Visa Inc Class A, Coca-Cola Co, Meta Platforms Inc, International Business Machines, Moodys Corporation, Amazon.com Inc, Mastercard Inc, Intel Corporation, and Ford Motor Company.
Stay Informed with InvestingPro
Get ahead of the curve this earnings season by staying informed with InvestingPro, the ultimate resource for investors. Don’t miss out on crucial updates and analysis.
Weekend Market Recap
During Friday’s regular trade, the Dow Jones Industrial Average fell 286.9 points or 0.9% to 33,127.3, the S&P 500 lost 53.8 points or 1.3% to 4,224.2, and the NASDAQ dropped 202.4 points or 1.5% to 12,983.8. For the week, the Dow recorded a decline of 2.1%, the S&P 500 dropped 2.7%, and the NASDAQ experienced a significant decline of 3.5%.
Bond Market Update
On the bond markets, interest rates have reached fresh 16-year highs of 4.918%.
Note: This article is for informational purposes only and should not be construed as investment advice. Remember to do your own research and consider your individual financial situation before making any investment decisions.
