HomeTop U.S. NewsFutures Fall Ahead of Fed Decision, Tech Earnings

Futures Fall Ahead of Fed Decision, Tech Earnings

U.S. futures remained stagnant on Monday morning as investors braced themselves for the Federal Reserve’s policy decision due later this week along with a host of tech earnings. Alphabet, Amazon.com, Apple, Meta Platforms, and Microsoft are all set to report their earnings starting Tuesday, along with major firms outside of tech including Chevron, ExxonMobil, Qualcomm, and Boeing.

Dow e-minis slipped 29 points, or 0.08% during Monday’s early trading, S&P 500 e-minis edged 1 point higher, or 0.02%, and Nasdaq 100 e-minis gained 34.5 points, or 0.2%.

“With the market at record highs and valuations near the upper-end of its range over the last 20 years, any disappointments from the MAGMAN (big tech) names will likely lead to increased volatility over the coming weeks,” Larry Adam, the chief investment officer of Private Client Group observed. Still, with the US economy exhibiting resilience amid cooling inflation, markets are largely expecting the Federal Reserve to introduce rate cuts in June, with some analysts anticipating cuts as soon as March.

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