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

U.S. stock futures remained stable on Monday as investors prepared for a significant week of earnings reports from major technology companies, including Alphabet and Tesla. Among the other companies set to announce their quarterly earnings later today are Verizon, Domino's Pizza, and Cleveland-Cliffs. Thus far in this earnings season, over 86% of the 59 S&P 500 companies that have reported have surpassed Wall Street estimates, according to data from FactSet. Additionally, investors kept an eye on trade developments following Commerce Secretary Howard Lutnick's confirmation that August 1 remains a firm deadline for tariff payments, while still leaving open the possibility for ongoing negotiations. In the previous week, both the S&P 500 and the Nasdaq Composite saw gains of 0.59% and 1.51%, respectively, marking new record highs, while the Dow experienced a slight decline of 0.07%.