US Futures Steady as Big Tech Earnings Eyed

U.S. stock futures remained relatively stable on Tuesday as market participants anticipated earnings reports from major technology companies this week, including Meta Platforms, Microsoft, Apple, and Amazon. So far this earnings season, approximately 75% of the S&P 500 firms reporting have surpassed Wall Street projections. Nevertheless, numerous companies have started to revise their guidance downward for the second quarter and the entire year, citing potential challenges arising from President Donald Trump's extensive tariffs. Treasury Secretary Scott Bessent highlighted that the responsibility to alleviate trade tensions rests with China, while also acknowledging positive strides in other trade negotiations. From an economic standpoint, investors will be paying close attention to data on home prices, consumer confidence indicators, and job openings, all scheduled for release on Tuesday. In the regular trading session on Monday, the Dow Jones Industrial Average and the S&P 500 recorded gains of 0.28% and 0.06%, respectively, while the Nasdaq Composite registered a slight decline of 0.1%.