Investing.com — U.S. stock index futures rose slightly in Sunday night trading, with focus on a series of important gains expected in the coming days, including from the technology sector.
Futures have stabilized after Wall Street posted strong trading on Friday, with indexes still eyeing recent highs on signs of U.S. economic resilience and rising profits.
However, momentum appears to have stalled somewhat as investors are wary due to anticipation of the Federal Reserve meeting and the hotly contested US presidential election. High valuations for U.S. stocks also increased the likelihood of short-term losses.
By 19:18 ET (23:18 GMT), it rose 0.1% to 5,914.50 points and rose 0.2% to 20,519.75 points. It rose by 0.1% to 43,565.0 points.
This week’s tech earnings
Tesla Inc. (NASDAQ:) will be the biggest company to report this week. All eyes are on the electric car maker’s earnings after it announced robot taxis earlier this month, but the company’s earnings have largely disappointed expectations.
The EV maker’s third-quarter delivery performance also fell short of expectations, and this is likely to be factored into weak earnings for the quarter.
Print releases from a range of large semiconductor manufacturing companies are also expected to be released this week, after industry bellwethers ASML (NASDAQ:) and TSMC (NYSE:)’s earnings provided mixed cues on demand. is.
Texas Instruments (NASDAQ:), Western Digital Corporation (NASDAQ:) and Lam Research Corporation (NASDAQ:) are among the major semiconductor stocks scheduled to make announcements this week, as well as the broader tech sector. Now, IBM (NYSE:) is also set to be announced this week. .
Beyond technology, this week saw earnings results from major defense companies such as Rtx Corp (NYSE:), Lockheed Martin (NYSE:), L3Harris Technologies Inc (NYSE:), General Dynamics (NYSE:), and Northrop Grumman (NYSE:). It is scheduled to be announced. We plan to report within the next few days.
Telecom giants T-Mobile US Inc (NASDAQ:), Verizon Communications Inc (NYSE:) and AT&T Inc (NYSE:) are also scheduled.
Airplane maker Boeing Co. (NYSE:) plans a report on Wednesday focused on its cash position as it grapples with its first major strike in more than a decade.
Wall Street aims for record highs
Strong bank and tech company profits over the past week have sent Wall Street indexes to a series of record highs, and upcoming earnings will likely determine whether the momentum continues.
It rose 0.4% on Friday to 5,864.67 points; Although it rose only 0.1%, it managed to hit an all-time high of 43,257.91 points.
Beyond earnings, attention is also on U.S. interest rates and the 2024 election, with Wall Street expected to see increased volatility in the coming weeks.
