US Futures Steady Ahead of Key Earnings
US stock futures were little changed on Tuesday as investors awaited a wave of major earnings reports, with Netflix, Coca-Cola, and General Motors set to release results later in the day. Later this week, attention will turn to earnings from Tesla, Intel, and Procter & Gamble. On Monday, the Dow climbed 1.12%, the S&P 500 rose 1.07%, and the Nasdaq gained 1.37%, lifted by a 3.9% rally in Apple to a record high after reports showed iPhone 17 sales surpassed those of the iPhone 16 in both the US and China. Bank stocks also strengthened as credit market concerns eased. Adding to the upbeat mood, President Donald Trump said he expects to reach a “fair deal” with China’s President Xi Jinping during their upcoming meeting in South Korea, tempering trade tensions. Still, the ongoing government shutdown continued to cast uncertainty over the broader economic outlook.
3 hours ago