US stock futures little changed as investors await more earnings reports
The broad S&P 500 and tech-heavy Nasdaq scored record highs to start the week amid solid earnings reports from Domino's Pizza, Cleveland-Cliffs and Verizon.
Of the more than 60 S&P 500 companies that have reported, more than 85% of those topping analysts' estimates, according to FactSet data. Analysts on average expected S&P 500 companies to report a 6.7% increase in earnings for the second quarter, with big technology companies driving much of that gain, according to LSEG I/B/E/S.
Philip Morris International, Coca-Cola and Lockheed Martin are among those slated to report before the market opens. However, the main events are midweek when Tesla and Alphabet report results. Investors will be keen to dissect the earnings reports for signs of how President Donald Trump's tariffs have hit the economy and corporate spending.
At 6 a.m. ET, futures linked to the blue-chip Dow were at 0%, while S&P 500 futures slipped -0.11% and Nasdaq futures dropped -0.27%.
Federal Reserve Chairman Jerome Powell is also scheduled to speak at a conference in Washington DC as the stock market opens.
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Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
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