Stock Futures Rise as Big Tech Earnings Kick Off and Tariff Deadline Nears
Stock Futures Rise as Big Tech Earnings Kick Off and Tariff Deadline Nears
U.S. stock futures are showing upward momentum early Monday, July 21, as investors keenly anticipate the start of major tech earnings and track critical developments in trade policy. Dow Jones Industrial Average futures gained 0.26%, S&P 500 futures rose 0.24%, and Nasdaq 100 futures increased by 0.29%, signaling a positive open for Wall Street.
The market’s focus is sharply divided between the upcoming corporate reports and the White House’s firm stance on tariffs. U.S. Commerce Secretary Howard Lutnick reiterated Sunday that August 1 is the “hard deadline” for tariff payments, though discussions could continue thereafter. This comes after a strong close last week for the S&P 500 and Nasdaq, both hitting new all-time highs.
Earnings season is expected to be a significant catalyst this week, with Alphabet and Tesla leading the charge among the ‘Magnificent Seven’ companies. Analysts predict these megacaps will drive substantial earnings growth for the second quarter. Key economic data is also on tap today, with the June leading indicators report due at 10 a.m. ET. Additionally, Verizon Communications and Domino’s Pizza are among the companies scheduled to report their quarterly results on Monday.
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