U.S. stock futures were lower late Sunday as investors got ready for a busy week filled with major earnings reports and a key Federal Reserve meeting. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) Index were down 0.61%, 0.21%, and 0.40%, respectively, at 7:52 p.m. EDT on January 25.
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U.S. stocks finished the week mixed as gains in technology shares helped offset weakness in financial stocks. The DJIA fell 0.58%, the S&P 500 ended nearly flat, up 0.03%, and the Nasdaq 100 outperformed, rising 0.34%.
Earnings will be a major focus this week. More than 90 companies in the S&P 500 are set to report results, including Apple (AAPL), Meta Platforms (META), and Microsoft (MSFT). The earnings season has begun on a strong note, with about three out of four reporting companies beating Wall Street expectations, according to FactSet.
However, some stocks moved lower after earnings, including Intel (INTC) and Netflix (NFLX), as investors reacted to weaker guidance and cautious outlooks despite headline results.
Attention will now shift to the Federal Reserve. The central bank is expected to announce its first policy decision of the year on Wednesday. Rates are expected to remain unchanged, with investors watching for signals on future cuts.