Stock futures were slightly higher late Sunday as Wall Street prepared for a busy week of corporate earnings reports.
Futures Dow Jones Industrial Average It increased by 87 points, or about 0.2%. S&P 500 Futures Up 0.2% Nasdaq 100 Futures Added 0.3%.
The futures moves come after a volatile week for stock markets.
of S&P 500 It fell 0.8%, led by tech stocks. Nasdaq Composite Index It fell by 2.1%. However, Dow Small caps rose 0.8% Russell 2000 It increased by 3.5%.
The tech trading slowdown has hurt market indexes across the board, but rallies in areas such as small caps have been encouraging to many market strategists.
“We’ve seen some volatility over the past few weeks, but we’re seeing more participation now and I think this will be a good thing for investors over the long term,” said Carrie Cox, chief market strategist at Ritholtz Wealth Management.
Earnings reports this week will play a key role in determining whether tech stocks can recover, with Microsoft, Meta Platforms, Apple and Amazon all due to report quarterly results in the coming days.
Another key event this week is the Federal Reserve meeting, with the central bank due to release a new policy statement on Wednesday. The Fed is not expected to cut interest rates this week, but traders will be looking for clues as to how likely the central bank is to take action at its September meeting.
