U.S. stock futures rose Tuesday morning as investors looked ahead to upcoming earnings reports and awaited greater market clarity throughout the week.
Things haven’t moved all that much on the trade and tariffs front, with Treasury Secretary Scott Bessent merely stating on Monday that it was up to China to “de-escalate” trade tensions. Bessent also hinted at a potential trade deal with India, saying that “it would be one of the first deals we would sign,” which investors will be watching closely.
This is set to be a packed earnings week for Wall Street, with four of the “Mag 7″— Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), and Amazon (NASDAQ:AMZN), set to release their quarterly results over the next couple of days.
On Tuesday, investors will be closely watching the results of several heavy-hitters, such as Visa Inc. (NYSE:V), Coca-Cola Co. (NYSE:KO), Novartis AG (NYSE:NVS), AstraZeneca PLC (NASDAQ: AZN), and Pfizer Inc. (NYSE:PFE).
U.S. 10-Year Treasuries are at 4.23%, while the 2-Year Treasuries are at 3.70%. The CME Group’s FedWatch tool shows the markets pricing a 91.1% likelihood of interest rates remaining unchanged during the FOMC meeting, the first week of May, marking a decline from Friday last week, at 95.3%, and Monday at 93.1%
| Futures | Change (+/-) |
| Dow Jones | 0.28% |
| S&P 500 | 0.20% |
| Nasdaq 100 | 0.21% |
| Russell 2000 | 0.19% |
The SPDR S&P 500 Trust ETF (NYSE:SPY) was up 0.04% on Monday, while the Invesco QQQ Trust (NASDAQ:QQQ), which tracks the Nasdaq-100 Index was down 0.03%, according to Benzinga Pro data.
Cues From Last Session:
Almost all S&P 500 sectors closed in the green on Monday, barring consumer staples and technology. While the index was up just 0.06%, it marked …