watch
now
Stock
futures
rose
modestly
on
Sunday
evening
as
Wall
Street
gears
up
for
a
busy
week
of
corporate
earnings.
Futures
tied
to
the
Dow
Jones
Industrial
Average
climbed
87
points,
or
about
0.2%.
S&P
500
futures
gained
0.2%,
while
Nasdaq
100
futures
added
0.3%.
The
move
in
futures
comes
after
a
volatile
week
in
the
stock
market.
The
S&P
500
dipped
0.8%,
while
the
tech-heavy
Nasdaq
Composite
fell
2.1%.
However,
the
Dow
rose
0.8%
and
the
small-cap
Russell
2000
rose
3.5%.
The
cooling
off
of
the
tech
trade
has
hurt
the
broader
market
indexes,
but
the
catch-up
of
areas
like
small
caps
has
been
encouraging
to
many
market
strategists.
“Now
that
we’re
seeing
more
participation,
even
though
it’s
caused
some
volatility
over
the
past
few
weeks,
I
think
this
is
ultimately
a
better
story
for
long-term
investors
as
we
move
forward,”
said
Callie
Cox,
chief
market
strategist
at
Ritholtz
Wealth
Management.
This
week’s
earnings
slate
will
play
a
role
in
determining
whether
tech
stocks
can
now
bounce
back.
Microsoft,
Meta
Platforms,
Apple
and
Amazon
are
all
set
to
report
their
quarterly
results
in
the
coming
days.
Another
key
event
this
week
will
be
the
Federal
Reserve
meeting,
with
the
central
bank
set
to
release
a
new
policy
statement
on
Wednesday.
The
Fed
is
not
expected
to
cut
interest
rates
this
week,
but
traders
will
be
looking
for
clues
as
to
how
likely
the
central
bank
is
to
make
a
move
at
its
September
meeting.
