US stock futures climbed on Tuesday as Wall Street reopened after the Presidents Day holiday. Investors are eyeing corporate earnings, the Federal Reserve’s rate strategy, and the impact of a strong dollar on multinational companies.
S&P 500 futures rose 0.2%, nearing January’s all-time high. Nasdaq futures gained 0.2%, aiming for a fourth straight week of gains, while Dow Jones futures also added 0.2%, recovering losses from last Friday.
The rising US dollar has pressured stocks of global corporations, with companies like Apple, Alphabet, Microsoft, Tesla, and Meta—each generating over 50% of their revenue overseas—reporting weaker earnings in Q4. The dollar index remains elevated but has retreated from its mid-January peak.
The Federal Reserve maintains its stance on high interest rates, keeping them between 4.25% and 4.5% amid economic uncertainty and President Donald Trump’s evolving tariff policies. “It will be very important to have a better sense of these policies… before cutting rates further,” said Fed Governor Michelle Bowman.
Earnings season continues, with 46 S&P 500 companies reporting this week. Major reports include Alibaba, Walmart, and Dropbox on Thursday, while Devon Energy, Occidental Petroleum, and Toll Brothers release results on Tuesday.