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Stock futures rise slightly after Fed rate decision, Big Tech earnings loom

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Futures rose following a session in which the major averages posted solid gains as the Fed pledged to maintain stimulative measures.

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Dow Jones Industrial Average futures climbed 18 points, or 0.1%. S&P 500 futures gained 0.1% and Nasdaq 100 futures advanced 0.2%.. The central bank noted that while the economy has recovered slightly, activity and employment remain "well below their levels at the beginning of the year." Fed Chairman Jerome Powell added the central bank will keep an accommodative stance until the economy has "weathered" the effects of the coronavirus pandemic.

Both the S&P 500 and Nasdaq Composite closed more than 1% higher on Thursday. The Dow climbed 160.29 points, or 0.6%. The four companies are slated to report earnings Thursday after the bell. Those reports come after each stock has posted massive year-to-date gains. Facebook and Alphabet are both up more than 13% in 2020. Amazon has surged 64.2% in that time and Apple is up 29.5% this year. It will also be the busiest day of the current earnings season.

 

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Is anyone going to tell the financial press that a stimulus deal is not going to happen this week?

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