U.S. stock futures remained stable early Tuesday as Wall Street gears up for key earnings reports and economic data that could impact market trends. Dow, S&P 500, and Nasdaq futures showed minimal gains following a positive Monday session, with the Dow leading with a 0.7% rise.
Big Tech Earnings in Focus: This week, major earnings reports will kick off with Alphabet on Tuesday, followed by Meta and Microsoft on Wednesday, and Apple and Amazon on Thursday. These reports will be closely watched for insights on whether significant investments in AI have bolstered returns.
Economic Data Releases: Important U.S. economic indicators, such as the JOLTS job openings report, GDP data, the Fed’s preferred inflation measure (Core PCE Price Index), and Friday’s jobs report, are expected. These readings will play a critical role in shaping expectations ahead of the Federal Reserve’s upcoming rate decision.
Political and Oil Market Updates: The U.S. presidential election is also approaching, with recent polls showing a close race between Donald Trump and Kamala Harris. Meanwhile, oil prices saw a slight recovery after a 6% drop on Monday, as Middle East tensions remain high but key oil infrastructure was unaffected.