U.S. stock futures inch higher Monday night after a strong trading session where both the S&P 500 Index (SPX) and Nasdaq Composite (NDAQ) hit new highs. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 were up 0.06%, 0.11%, and 0.17%, respectively, at 11:37 p.m. EDT on July 21.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
During Monday’s session, the S&P 500 climbed about 0.1% to close above 6,300 for the first time. The Nasdaq jumped 0.4% to a record 20,974.17, fueled by investor optimism ahead of major tech earnings. However, the Dow Jones ended marginally lower.
Investors are now looking ahead to a busy week for second-quarter earnings releases. To date, over 60 S&P 500 companies have reported their earnings, with more than 85% of them beating analysts’ estimates. Market participants are awaiting corporate comments about macroeconomic stability, tariff impact, and insights into AI demand and spending.
On Tuesday, Philip Morris (PM), General Motors (GM), Capital One (COF), Coca-Cola (KO), and Lockheed Martin (LMT) are slated to release results.