Stock futures rise slightly following another record from the S&P 500 as Wall Street anticipates earnings: Live updates

US Stock Futures Experience Tuesday Boost

The New York Stock Exchange saw traders busy on the floor recently, and it looks like there’s positive movement in US stock futures as they rose on Monday evening. The S&P 500 and Nasdaq Composite both closed the regular session at new records.

To get a bit more specific, S&P 500 futures and Nasdaq Composite futures increased by about 0.2%, while futures for the Dow Jones Industrial Average went up by 66 points, or 0.1%. In typical trading during the day, the S&P 500 gained 0.12%, while the Nasdaq saw a slightly higher rise of 0.20%. However, the Dow lagged a bit, falling 62.92 points (0.13%).

Despite these gains, the rally was somewhat limited due to stalled peace talks between the US and Iran, which might have investors a bit on edge. Over the weekend, President Trump decided not to send envoys Steve Witkoff and Jared Kushner to Pakistan for discussions about a ceasefire with Iran. Instead, he mentioned that negotiations could possibly occur over the phone. Meanwhile, Iranian officials have indicated that no face-to-face talks are planned at the moment.

On a slightly brighter note, White House press secretary Caroline Leavitt confirmed that President Trump and his security team have taken note of Iran’s proposal to reopen the Strait of Hormuz once the conflict wraps up and the US lifts its blockade.

This encouraging news comes at a crucial time as several major tech companies are set to report their earnings. On Wednesday, we can expect earnings reports from Alphabet, Amazon, Meta Platforms, and Microsoft, while Apple follows on Thursday. It’s certainly a period of high expectations.

John Belton, a growth stocks portfolio manager at Gabelli Funds, mentioned during a CNBC segment that while some market strength in the past quarter may have been anticipated, there are solid fundamentals at play. He indicated that while reactions to earnings can be unpredictable, the current outlook seems interesting for the long term.

Interestingly, Wednesday is also expected to be significant as it might mark the last meeting for current Fed Chairman Jerome Powell. Policymakers are anticipated to announce decisions regarding interest rates as well.

Additionally, companies like UPS, General Motors, Coca-Cola, Hilton Worldwide, JetBlue, and Corning are scheduled to report earnings before the bell on Tuesday. Market participants will also be paying close attention to the consumer confidence index for April.