- Posted on October 29, 2024
- News
- By FC Team
- 128 Views
 
                                                    Investing.com-- U.S. stock index futures steadied Tuesday following a positive session on Wall Street, with focus turning squarely to a barrage of major earnings and economic readings this week. At 06:10 ET (10:10 GMT), Dow Jones Futures gained just 5 points, S&P 500 Futures rose just 1 point, while Nasdaq 100 Futures climbed 15 points, or 0.1%.Wall Street indexes registered mild gains on Monday, remaining in sight of record highs. The Dow Jones Industrial Average outperformed, rising nearly 0.7%, while both the S&P 500 and the NASDAQ Composite rose 0.3%. Alphabet to kick off big tech earnings Five of Wall Street’s “Magnificent Seven” are due to report earnings this week, with Google owner Alphabet (NASDAQ:GOOGL) set to report after the market close on Tuesday.This will be followed by Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) on Wednesday, while Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) will report on Thursday.This week’s earnings are set to act as a bellwether for the broader market, given the relative market capitalization of the five tech giants. Investors will be watching to see whether Wall Street’s biggest firms were able to generate strong returns on their sizeable investments in artificial intelligence over the past year. “Putting it all together, risk flows over the last week, while positive, were rather subdued but kept net positioning for the S&P 500 net long and extended,” Citi strategists led by Chris Montagu said in a note.Economic data, election in focus Aside from the corporate earnings, a swathe of key economic readings are due this week that could influence Fed thinking regarding future monetary policy.
