Stock Futures Steady as Investors Anticipate Major Tech Earnings and Trade Developments: Stay Updated Live!

Traders are keeping an eye on the markets as the new week starts. U.S. stock futures showed little change Sunday night. The Dow dipped slightly by 27 points, about 0.05%. The S&P 500 and Nasdaq also saw minor decreases of 0.04% and 0.03%, respectively.

Trade policies are grabbing attention again. U.S. Commerce Secretary Howard Lutnick mentioned a “hard deadline” of August 1 for countries to start paying tariffs. However, he noted that communication is still welcome even after this date.

Last week, the S&P 500 and Nasdaq hit new highs, closing up 0.6% and 1.5%. The Dow, on the other hand, ended on a slight downward note. This positive momentum coincided with earnings season, where over 86% of the 59 S&P 500 companies that reported so far have exceeded expectations, according to FactSet.

This week is key as major companies like Alphabet and Tesla prepare to report earnings. Analysts are optimistic about these “Magnificent Seven” firms, estimating a 14% earnings growth for the group, compared to a mere 3.4% for the rest of the S&P 500.

Mark Malek, investment chief at Siebert Financial, emphasized the importance of a smooth earnings season to maintain the market’s upward trend. If these major companies do well, it could be a good sign for investor confidence.

Meanwhile, economic indicators are in focus. The June reading for leading indicators, which offer insights about the economy’s direction, will be released Monday at 10 a.m. ET. Other big names like Verizon and Domino’s are also set to share their earnings on the same day.

Overall, the market appears cautiously optimistic, with much hinging on the upcoming earnings reports.



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