Stock futures rose slightly Monday night as investors focused on the upcoming slate of earnings reports from major tech companies.level for the first time since 2007 last week. Rising yields have raised concerns about the state of the broader economy and pressured the stock market in recent weeks.
"Equities are trending sideways to being in a retreat mode given persistent inflation and higher-for-longer interest rates," said Terry Sandven, chief equity strategist at U.S. Bank Asset Management. All the while,"the prospects for recession loom on the horizon."was able to finish up about 0.3%, as investors bought into the sector with major earnings reports on the horizon.
About 30% of S&P 500 companies are slated to report this week, the latest leg of an earnings season that has so far been better than Wall Street expected. About 17% of S&P 500 companies have already reported earnings, and three-quarters of them have posted earnings surpassing analysts' expectations, according to FactSet.
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