Dow futures lift, major tech earnings in focus

Following sharp weekly declines in the main benchmark averages, US stock futures edged up on Sunday night as investors prepared for a new wave of earnings reports from major tech firms like Alphabet (NASDAQ: GOOGL), Amazon.com Inc. (NASDAQ: AMZN), and Microsoft Corporation (NASDAQ: MSFT). The Dow Jones Futures were up 0.1% around 6:45 p.m. ET (10:45 p.m. GMT), while the S&P 500 Futures and Nasdaq 100 Futures were up 0.2%. According to the economic calendar, preliminary manufacturing and services PMIs, building permits, new and pending home sales, core durable goods orders, preliminary GDP and goods trade balance, PCE price index data, Michigan consumer sentiment and expectations surveys, as well as speeches from Powell, Waller, and Barr, will all be watched closely by investors. On the earnings front, companies set to report results throughout the week include W. R. Berkley Corp (NYSE:WRB), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc Class C (NASDAQ:GOOG), Visa Inc Class A (NYSE:V), Coca-Cola Co (NYSE:KO), Meta Platforms Inc (NASDAQ:META), International Business Machines (NYSE:IBM), Moodys Corporation (NYSE:MCO), Amazon.com Inc (NASDAQ:AMZN), Mastercard Inc (NYSE:MA), Intel Corporation (NASDAQ:INTC) and Ford Motor Company (NYSE:F). The S&P 500 dropped 53.8 points or 1.3% to 4,224.2 during Friday’s regular trading hours, the NASDAQ Composite dropped 202.4 points or 1.5% to 12,983.8, and the Dow Jones Industrial Average dropped 286.9 points or 0.9% to 33,127.3. The S&P 500 fell 2.7%, the NASDAQ crashed 3.5%, and the Dow fell 2.1% for the week. United States 10-Year rates increased to 4.918%, a new 16-year high, in the bond markets.

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