U.S. stock futures declined Wednesday morning, even as major indexes closed higher on Tuesday, with the S&P 500 and Dow Jones logging their sixth consecutive day of gains — marking their longest winning streak in months.
Easing of the auto tariffs helped the markets with a fresh dose of optimism going into a jam-packed earnings week, with several heavy-hitters, including 4 of the “Magnificent 7” companies, set to release their quarterly results over this week.
On Tuesday, President Donald Trump hinted that trade negotiations with India were “coming along great,” and that the administration was close to announcing a deal, further adding to the optimism, according to a report by CNBC.
Investors on Wednesday will be closely watching the earnings of tech giants, Microsoft Corp. (NASDAQ:MSFT), Meta Platforms Inc. (NASDAQ:META), Qualcomm Inc. (NASDAQ:QCOM), and KLA Corp. (NASDAQ:KLAC), which should set the tone for the rest of this week.
U.S. 10-Year Treasuries are at 4.16%, while the 2-Year Treasuries are at 3.66%. The CME Group’s FedWatch tool shows the markets pricing a 92.4% likelihood of interest rates remaining unchanged during the FOMC meeting that is scheduled to take place the first week of May, which marks an increase from 91.1% on Tuesday.
| Futures | Change (+/-) |
| Dow Jones | 0.09% |
| S&P 500 | -0.05% |
| Nasdaq 100 | -0.15% |
| Russell 2000 | 0.16% |
The SPDR S&P 500 Trust ETF (NYSE:SPY) was up 0.63% on Monday, while the Invesco QQQ Trust (NASDAQ:QQQ), which tracks the Nasdaq-100 Index, was up 0.66%, according to Benzinga Pro data.
Cues From Last Session:
Almost all S&P 500 sectors closed in the green on Tuesday, barring the energy sector, which was down 0.29%. The index was up 0.58%, marking its sixth-straight winning day, the longest streak since November of 2024. The Dow Jones was up 0.75%, and the Nasdaq Composite by 0.55%.
Visa Inc. (NYSE:V), Coca-Cola Co. (NYSE: