Stock futures rose on Monday night as traders navigated one of the busiest weeks of corporate earnings season.
Futures contracts tied to the Dow Jones Industrial Average added 87 points, or 0.3%, while the S&P 500 gained 0.3%. Nasdaq 100 futures rose 0.4%.
Future moves take place after down day for stocks. The Dow and Nasdaq Composite both fell 0.1%, while the S&P 500 inched 0.02%.
The major indexes are dwindling as the first-quarter earnings season heats up. Before the bell on Tuesday, Johnson & Johnson and insurance giant Travelers will report their latest results. Other notable reports include Hasbro, Lockheed Martin and many mid-sized banks like Citizens Financial.
With inflation and the Federal Reserve’s next steps a key market debate, investors are watching for supply chain insights and consumer demand. How it works for big companies. Expectations for a rate hike by the Fed have risen sharply in recent months, although the central bank said it will depend on the data to decide how to raise rates throughout the year.
Can a Fed rate hike really solve some of the labor, semiconductor, wheat shortages? Parker of Trivariate Research said, Adam said.Closing bell: After hours. “
Concern about the Fed’s next steps has caused high volatility in the bond market, which seems to have weighed on equities in recent weeks. On Monday, the yield on the 10-year Treasury note hit a three-year high. Fed President St. Louis James Bullard told CNBC’s Steve Liesman on Monday that “quite a lot has been priced in” about the Fed’s actions.
In another development on Tuesday, investors will get an updated view of the housing market with the groundbreaking of housing and building permits for March.