U.S. futures edged lower during Sunday evening trading (Monday AEDT) as investors remained on the sidelines ahead of Donald Trump’s inauguration and a public holiday that will close U.S. stock and bond markets.
By 10:20 am AEDT (11:20 pm GMT), Dow futures and S&P 500 futures had slipped 0.1% each, while Nasdaq-100 futures declined by 0.2%.
The dip followed strong performance during Friday’s regular session, where the Dow Jones Industrial Average surged 334.7 points, or 0.8%, to close at 43,487.8. The S&P 500 gained 59.3 points, or 1%, finishing at 5,996.7, and the Nasdaq Composite advanced 291.9 points, or 1.5%, to 19,630.2.
On a weekly basis, all three major indices posted solid gains. The Dow rose 3.7%, its strongest weekly performance since the 2020 presidential election. The S&P 500 added 2.9%, while the Nasdaq climbed 2.5%.
Looking ahead, market participants are gearing up for a busy week of corporate earnings reports. Major companies such as Netflix, Johnson & Johnson, Capital One, United Airlines, and American Express are set to release their quarterly results, offering key insights into the state of the economy and consumer spending trends.
