Stock futures were largely flat Sunday night as Wall Street prepared for a busy week of corporate earnings reports.
Futures and Dow Jones Industrial Average It rose 52 points, or about 0.1%. S&P 500 Index Futures rose slightly by 0.1%, while Nasdaq 100 Futures Add 0.2%.
The move in futures comes after a volatile week for stocks.
this S&P 500 Index fell 0.8%, while technology stocks fell Nasdaq Index down 2.1%. But, that Dow Chemical Small-cap stocks rose 0.8% Russell 2000 up 3.5%.
The cooling in the technology sector has hurt broader market indexes, but catch-up in areas such as small-cap stocks has encouraged many market strategists.
Callie Cox, chief market strategist at Ritholtz, said: “Now we are seeing more participation, and although the past few weeks have caused some volatility, I think this is ultimately a better time for long-term investors as we move forward. s story.
This week’s earnings reports will play a role in determining whether tech stocks can rebound now. Microsoft, Meta Platforms, Apple and Amazon are all set to report quarterly results in the coming days.
Another key event this week will be the Federal Reserve meeting, which will issue a new policy statement on Wednesday. The Fed is not expected to cut interest rates this week, but traders will be looking for clues on how likely the central bank is to take action at its September meeting.
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