Stock index futures surged on Monday, with S&P 500 futures gaining 0.6%, Nasdaq 100 futures rising by 0.6%, and Dow futures advancing 0.6%. Yields also experienced a slight increase, with the 10-year Treasury yield climbing 2 basis points to 4.64% and the 2-year yield remaining flat at 5.00%.
This week’s earnings season will be in the spotlight, with investors eagerly anticipating reports from 178 S&P 500 companies, including Tesla, Meta, Alphabet, and Microsoft. Tesla is set to report after the bell on Tuesday, Meta on Wednesday post close, and Alphabet and Microsoft on Thursday. Tesla’s pre-market trade saw a decline of 2.41% after price cuts were announced for its Model Y, S, and X cars.
The market has been experiencing volatility following a chaotic week, influenced by Netflix’s earnings-driven sell-off in the technology sector and geopolitical tensions between Iran and Israel. Richard Hunter of Interactive Investor noted the impact on technology stocks and the overall uncertainty surrounding market events.
On the economic front, the Chicago Fed National Activity for March exceeded expectations, registering at +0.15 against a forecast of +0.09. The key inflation report, PCE price index for March, is scheduled for release on Friday and is also مورد انتظار.
