S&P 500 futures hovered near the flatline on Monday night following the benchmark index’s fifth consecutive winning session. Investors awaited more earnings reports. Futures tied to the broad index slipped about 0.1%, while Nasdaq 100 futures lost 0.1%. Dow Jones Industrial Average futures ticked down 23 points, or less than 0.1%. The S&P 500 gained less than 0.1% on Monday, maintaining its winning streak. The Dow added approximately 0.3%, while the Nasdaq Composite ticked 0.1% lower. Market swings were evident as the Dow fell over 240 points at its low and rallied around 300 points at the day’s high. Larry Tentarelli, founder of the Blue Chip Daily Trend Report, commented that any pullbacks have turned into buying opportunities, suggesting bulls are back in control. About one-third of S&P 500-listed firms are set to report earnings this week, with Big Tech companies like Meta Platforms, Microsoft, Apple, and Amazon in focus. So far, 73% of S&P 500 companies have exceeded expectations, slightly below the 5-year average of 77%. Economic data on home prices, consumer confidence, and job openings are expected Tuesday morning.
— new from CNBC
