U.S. stock futures saw a positive start on Tuesday, as investors began a holiday-shortened trading week with optimism.
Futures Market Performance
Dow Jones Industrial Average futures rose by 37 points, or 0.08%.
S&P 500 futures gained 0.2%.
Nasdaq 100 futures climbed 0.29%.
These early gains follow a strong performance in the previous week, as major indices posted solid returns.
Wall Street’s Strong Week
Wall Street ended the previous week on a high note:
The Dow Jones Industrial Average rose approximately 0.6%.
The S&P 500 advanced by 1.5%.
The Nasdaq Composite surged 2.6%.
A significant portion of last week’s rally came on Thursday, following U.S. President Donald Trump’s announcement of a plan for reciprocal tariffs. The proposal calmed investor concerns about more stringent measures on countries imposing levies on U.S. goods.
Market Outlook
Despite choppy market conditions at the start of the year, major stock indices are holding near their recent highs. Investors remain cautious, with ongoing concerns surrounding trade and inflation, but are also looking for the next catalyst to propel the market forward.
The Dow Jones and Nasdaq are currently about 1% below their recent record highs.
The S&P 500 is just 0.2% off its own milestone.
Positive Earnings Outlook
Mark Hackett, Chief Market Strategist at Nationwide, noted that expectations for earnings growth are rising. With many companies preparing to repurchase shares, the fundamental concerns of a bearish market are weakening. Hackett believes the S&P 500 could break out of its current trading range.
Earnings Season Continues
Earnings season continues, with Occidental Petroleum and Arista Networks among the companies scheduled to report their results on Tuesday.
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