Traders work at the New York Stock Exchange on January 21, 2025.
New York Stock Exchange
Stock futures were trading lower Sunday night as investors looked ahead to a major earnings week.
Futures related to the Dow Jones Industrial Average It was down 85 points, or 0.2%. S&P Futures Give up 0.5% while Nasdaq 100 Futures A slide of 245 points, or 1.1%.
It’s been a big week for traders looking for more clarity on the state of the bull market, as seven companies in the “Magnificent 7” are set to release quarterly earnings in the coming days. meta platform,,,, Microsoft and Tesla Each report is on Wednesday, apple Results will be released on Thursday.
Investors will use upcoming big technology reports to gauge how long market growth driven by artificial intelligence can continue. A positive result could reignite confidence, while any disappointment could hurt the wider market, about 40% of which is accounted for by MAG 7.
“I think the story is still here” previously told CNBC. “Investors are attracted to revenue growth. Yes, they’re paying more at valuations, but they’re still attracted to these great growth stories.”
Beyond technology, investors can expect revenue from the company Starbucks,,,, boeing,,,, Universal motor,,,, visa and Exxon Mobil in the coming week.
Earnings season has been strong so far. According to the report, 16% of companies in the S&P 500 reporting fourth-quarter results reported positive earnings per share, and 62% reported a revenue surprise. fact set data Published Friday.
Looking to the future, Fed It will also hold its January meeting on Wednesday and will release key inflation data from the Personal Consumption Expenditures Price Index (the Fed’s preferred inflation gauge) on Friday. Fed Funds Futures at More than 99% The central bank kept interest rates on hold, according to Cmegroup’s FedWatch tool.
Last week, all three major U.S. indexes recorded their second positive week, reassuring investors that the bull market remains intact even after December’s decline. this S&P 500 A new intraday record was set on Friday after getting a new all-time finish in the previous session.
