Investing.com – US stock futures were trading lower on Sunday evening as investors look toward a busy week of corporate earnings.
By 7:00 pm ET (12:00 am GMT) were steady, while and lost 0.1% apiece.
This comes after the triumphant performance of the three major averages last week, which marked their 13th week of gains in the past 14 weeks. This upturn was fueled by a promising January jobs report and robust earnings reports from tech giants Microsoft Corporation (NASDAQ:) and Meta Platforms Inc (NASDAQ:). This upward momentum was maintained despite Federal Reserve Chair Jerome Powell’s announcement last Wednesday that the central bank is unlikely to cut rates in March, contrary to the expectations of some traders.
The upcoming week will see the release of more earnings reports, with McDonald’s Corporation (NYSE:) set to announce on Monday and Forward Industries Inc (NASDAQ:) on Tuesday.
Investors will also be closely monitoring the situation in the Middle East, following the commencement of US airstrikes in Iraq and Syria on Friday. National security adviser Jake Sullivan informed NBC News’ “Meet the Press” on Sunday that the U.S. plans to carry out “additional strikes” against Iran-backed groups.
On the bond markets, were at 4.078%.