Last Updated: 4:00PM EST
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Stock indices finished today’s trading session in the green ahead of this week’s big tech earnings. The Dow Jones Industrial Average (DJIA), the S&P 500 (SPX), and the Nasdaq 100 (NDX) gained 0.59%, 0.76%, and 1.01%, respectively.
The energy sector (XLE) was the session’s laggard, as it fell 0.15%. Conversely, the consumer discretionary sector (XLY) was the session’s leader, with a gain of 1.46%.
Furthermore, the U.S. 10-Year Treasury yield decreased to 4.08%. The Two-Year Treasury yield also decreased, as it hovers around 4.31%. This brings the spread between them to -23 basis points.
First Published: 3:49AM EST
U.S. futures are mixed early Monday ahead of big tech earnings. Futures on the Nasdaq 100 (NDX) and S&P 500 (SPX) were up 0.16% and 0.01%, respectively. On the other hand, the Dow Jones Industrial Average (DJIA) was down about 0.06% at 3:06 a.m. EST on January 29.
Moving on to key earnings releases, five of the magnificent seven stocks will release earnings this week. Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) will announce their quarterly earnings after the market closes on Tuesday, January 30. Further, Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Meta (NASDAQ:META) will deliver their quarterly financial numbers on February 1.
On the economic data front, this week will revolve around the January jobs report and the Federal Reserve’s meeting, which will offer indications regarding the potential timeline for interest-rate cuts.
Meanwhile, oil prices were trending higher at the time of writing amid escalating tensions in the Middle East following a drone attack on U.S. forces in Jordan. The WTI crude oil futures were up, hovering near $78.25 per barrel as of the last check.
Elsewhere, European indices are set to open lower as investors gear up for a series of corporate earnings, economic data releases, and central bank updates.
Asia-Pacific Markets Remained Mixed on Monday
The Asia-Pacific indices remained mixed on Monday, with Singapore’s central bank keeping interest rates unchanged.
Hong Kong’s Hang Seng index closed 0.86% higher. However, China’s Shenzhen Component Index and Shanghai Composite ended down by 2.06% and 0.92%, respectively.
Japan’s Nikkei and Topix indices finished higher by 0.77% and 1.27%, respectively.
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