US stock futures edged lower as Wall Street braced for a crucial week filled with major earnings reports and key economic data.
🔹 Market Movements:
- Dow Jones futures (YM=F) and S&P 500 futures (ES=F) dipped 0.1%.
- Nasdaq Composite futures (NQ=F) fell 0.2%.
On Monday, stocks ended mixed after last week’s rebound, helped by President Trump’s positive comments on trade negotiations with China and his softened stance on the Federal Reserve.
Tariffs remain a major focus as investors assess which companies are vulnerable or insulated amid earnings season.
🔹 Upcoming Highlights:
- Tuesday: Earnings from General Motors (GM) and Spotify (SPOT) before the bell; Starbucks (SBUX) reports after the close.
- New data expected on job openings, US trade deficit, and consumer confidence.
🔹 Midweek Outlook:
- Tech giants Meta (META), Microsoft (MSFT), Amazon (AMZN), and Apple (AAPL) will release earnings on Wednesday and Thursday.
- New reports on inflation, GDP, and the labor market will also come out.
🔹 Oil and Global Factors:
- Brent crude (BZ=F) dropped below $66 per barrel; West Texas Intermediate (CL=F) hovered around $62.
- US manufacturing activity weakened, showing the strain from tariffs.
- Talks between Washington and Tehran show progress, possibly leading to looser sanctions on Iranian oil.
Brent is set for its largest monthly decline since August 2022, weighed down by escalating tariffs and OPEC+ plans to increase production.