U.S. stock futures were up early Monday morning as investors watched trade news and looked ahead to a busy week of big tech earnings. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.28%, 0.29%, and 0.27%, respectively, at 4:45 a.m. EDT on July 21.
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Trade was back in the spotlight as the White House repeated its stance on tariffs. U.S. Commerce Secretary Howard Lutnick said Sunday that August 1 is the “hard deadline” for countries to begin paying tariffs, but added that talks could still happen after that date.
The S&P 500 and the Nasdaq 100 inched down from Thursday’s record highs, though still closing the week up 0.59% and 1.25%, respectively. The Dow Jones Industrial Average finished the week nearly flat at –0.07%.
The gains follow a strong start to the earnings season, with several S&P 500 companies scheduled to report their results this week. This includes key “Magnificent Seven” stocks like Alphabet (GOOGL) and Tesla (TSLA). Analysts see these big tech names as key drivers of second-quarter earnings growth.
Moreover, major firms like Verizon (VZ), Coca-Cola (KO), AT&T (T), American Airlines (AAL), Chipotle Mexican Grill (CMG), and Intel (INTC) will release their quarterly numbers this week.
Looking ahead, New Home Sales Data, S&P Global Manufacturing PMI and Services PMI, and Durable Goods Orders are the key economic reports that investors are awaiting this week.
Meanwhile, the U.S. 10-year Treasury yield was down, floating near 4.39%. However, WTI crude oil futures were trending higher, hovering near $67.48 per barrel as of the last check. At the same time, the Gold Spot U.S. Dollar Price increased to nearly $3,364 per ounce on Monday.
Elsewhere, European stocks started the week on a cautious note, with investors keeping an eye on trade talks and reviewing the latest round of corporate earnings.
Asia-Pacific Markets Traded Higher Today
Asia-Pacific markets opened higher today as investors weighed the latest trade developments, following the White House’s renewed stance on tariffs.
The Hong Kong index was up 0.68%. Further, China’s Shanghai Composite and Shenzhen Component indices closed higher by 0.72% and 0.86%, respectively.
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