U.S. stock futures are rising Monday, as investors started a busy week for markets on the front foot with corporate earnings and economic data due in the coming days.
While the major indexes remain near all-time highs, stocks have endured volatility in recent weeks amid renewed geopolitical tensions in the Middle East and strong economic data that have raised fresh fears around inflationary pressures.
The S&P 500 is down for three straight weeks as investors remain focused on the outlook for inflation, interest rates, and Federal Reserve policy, with key economic data due this week that could shift the needle on rate expectations.
The coming days will see the release of first-quarter U.S. gross domestic product (GDP) data as well as the core personal-consumption expenditures (PCE) price index, which is the Fed’s preferred measure of inflation.
Key Events
Latest Updates
(Dreamstime)
U.S. stock futures rose on Monday, as investors started a busy week for markets on the front foot with corporate earnings and economic data due in the coming days.
Futures for the Dow Jones Industrial Average advanced 181 points, or 0.5%, after the index gained 211 points last Friday to finish at 37,986. S&P 500 futures rose 0.6% with contracts tracking the tech-heavy Nasdaq also up 0.8%. The yield on the benchmark 10-year U.S. Treasury note ticked up above 4.64%.
While the major indexes remain near all-time highs, stocks have endured volatility in recent weeks amid renewed geopolitical tensions in the Middle East and strong economic data that have raised fresh fears around inflationary pressures.
The S&P 500 is down for three straight weeks as investors remain focused on the outlook for inflation, interest rates, and Federal Reserve policy, with key economic data due this week that could shift the needle on rate expectations.
“It’s a bit of a messy picture for markets at the moment with huge uncertainty around events in the Middle East, U.S. tech seeing its biggest sell-off for around 18 months, and with yields climbing as rate cuts get increasingly pushed out,” said Jim Reid, a strategist at Deutsche Bank. “In equity markets all eyes will be on earnings with a whopping 178 of the S&P 500 reporting.”
The coming days will see the release of first-quarter U.S. gross domestic product (GDP) data as well as the core personal-consumption expenditures (PCE) price index, which is the Fed’s preferred measure of inflation.
This is also a key week for quarterly corporate earnings, with many of the closely watched “Magnificent Seven” tech stocks reporting results, including Tesla, Microsoft, Alphabet, and Meta, which cumulatively make up almost 14% of the S&P 500.
