US stock futures climbed on Sunday, with investors hoping for another week of gains as the month and quarter near their end.
Stock Futures Show Positive Movement
Futures for the S&P 500 rose by 0.7%, while Nasdaq 100 futures gained 0.8%. Dow Jones Industrial Average futures advanced by about 0.6%. These gains come after a challenging period, with the major indexes looking for recovery toward the end of a difficult month.
Tariffs and Investor Concerns
Tariffs remain a key focus for investors as the April 2 deadline for President Trump to implement reciprocal duties approaches. Trump indicated on Friday that there may be “flexibility” in how the tariffs are rolled out, but did not provide clear details on what that would entail.
Economic Worries and Recession Fears
Wall Street remains cautious about the broader economic outlook, especially regarding whether the losses seen year-to-date are just a temporary slowdown or if they signal a deeper economic downturn. JPMorgan strategist Bruch Kasman has raised concerns, estimating a 40% chance of the economy slipping into a recession.
Earnings Reports and Key Economic Data
On the earnings front, quarterly reports from companies like Lululemon (LULU), GameStop (GME), and Dollar Tree (DLTR) are expected this week, though it will be a quieter week for financial releases overall.
Investors will also focus on key economic data coming later in the week. On Friday, the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) Index, will be released, alongside the University of Michigan’s consumer confidence survey. Additionally, updates to the Purchasing Managers’ Indexes (PMI) for both manufacturing and services sectors will be closely watched.
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