United States stock market futures traded higher on Sunday evening (Monday AEDT) as investors looked ahead to corporate earnings reports and key economic data following last week’s market downturn.
By 10:40 am AEDT (11:40 pm GMT) Dow Jones Industrial Average futures added 0.3%, while S&P 500 and Nasdaq 100 futures were up 0.4%.
The stability in futures comes after Wall Street suffered a pullback on Thursday and Friday, pushing major indices into the red for the week.
The Dow Jones Industrial Average dropped 2.5% - its worst weekly decline since October - while the S&P 500 and Nasdaq Composite fell 1.7% and 2.2%, respectively.
Investor focus now shifts to upcoming corporate earnings and economic indicators. Home Depot and Lowe’s are set to release their quarterly results on Tuesday and Wednesday, respectively, providing insight into U.S. consumer spending trends.
Meanwhile, Nvidia’s earnings report on Wednesday evening is expected to be a major event, given the company’s dominant position in artificial intelligence-related chipmaking.
This will be Nvidia’s first financial update since China’s DeepSeek large language model raised concerns about the sustainability of AI-driven market momentum.
Beyond earnings, market participants will closely watch Friday’s release of the January personal consumption expenditures (PCE) index - the Federal Reserve’s preferred inflation gauge. The data could influence expectations on future monetary policy decisions.
