Stock futures were slightly higher in overnight trading Sunday as investors gear up for a big week of key corporate earnings.
Futures on the Dow Jones Industrial Average rose 0.1%. S&P 500 futures added 0.1% and Nasdaq 100 futures added 0.1%.Investor attention is shifting to second-quarter earnings reports, which could be the catalyst to extend the market's rally to new records this year. The blue-chip Dow just hit a fresh all-time high above 40,000 Friday, bringing its 2024 gains to 6.1%. The S&P 500 has jumped 18% in 2024 to a new record, powered by technology giants.
The major equity benchmarks just came off another solid week as easing inflation data fueled rate-cut bets. The S&P 500 gained 0.9% last week, scoring its fifth positive week in six. The tech-heavy Nasdaq Composite rose 0.3% during the same period, posting its sixth positive week in a row. The Dow was the relative outperformer last week, gaining 1.6% for its best weekly performance since May 10 as investors started to embrace a broader array of stocks than just technology names.
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