FX.co ★ US Futures Steady Ahead of Key Tech Earnings

U.S. stock futures remained stable on Monday, as investors braced for a busy week packed with corporate earnings reports, which may influence the continuation of the recent surge in technology stocks. Notably, Nvidia and CrowdStrike are scheduled to announce their results on Wednesday, with Dell and Marvell following on Thursday. Additionally, focus will shift to the release of the July personal consumption expenditures price index on Friday, which is the Federal Reserve's preferred measure of inflation. Last Friday saw Wall Street achieve significant gains; the Dow Jones Industrial Average increased by 1.89%, the S&P 500 rose by 1.52%, and the Nasdaq Composite gained 1.88%. This upward momentum followed Fed Chair Jerome Powell’s address at the Jackson Hole symposium, where he indicated the central bank might begin to relax monetary policy as early as next month. Current market sentiment suggests an 87% chance of a 25 basis point rate reduction in September, an increase from roughly 75% earlier last week.