U.S. Stock Futures Gain Amid Earnings Surge and Fed Meeting Anticipation
U.S. stock futures edged higher Tuesday morning as investors digested a wave of strong corporate earnings and braced for the Federal Reserve's pivotal policy decision. Nasdaq 100 (NDX), S&P 500 (SPX), and Dow Jones (DJIA) futures ROSE 0.13%, 0.08%, and 0.38% respectively in pre-market trading.
The bullish momentum follows Monday's record close for the S&P 500 above 6,800, fueled by Optimism around U.S.-China trade relations, robust earnings, and expectations of monetary policy easing. Standout performers include UPS (up 11% pre-market), UnitedHealth (5% gain), and SoFi Technologies (3.1% increase) following their earnings beats.
All eyes now turn to earnings reports from five Magnificent Seven tech giants this week, while Qorvo shares surged 14% on acquisition speculation. The financial markets remain attuned to the Fed's two-day meeting commencing today, which could signal the central bank's rate trajectory amid persistent inflation concerns.