U.S. stock futures edged higher Monday night, setting a positive tone for a holiday-shortened trading week. Dow Jones Industrial Average futures gained 81 points (0.2%), while S&P 500 and Nasdaq 100 futures rose 0.2% and 0.1%, respectively.
Wall Street’s Winning Streak
The gains follow a strong performance last week, where:
- The Dow climbed 0.6%,
- The S&P 500 advanced 1.5%,
- The Nasdaq Composite surged 2.6%.
Markets rallied Thursday after President Donald Trump’s proposal for reciprocal tariffs reassured investors, calming fears of more aggressive trade measures.
Despite early-year market volatility, major indexes remain near record highs. The Dow and Nasdaq are just 1% below their peaks, while the S&P 500 sits 0.2% off its record.
Earnings and Market Outlook
Investor sentiment is also buoyed by expectations of accelerating corporate earnings and a reopening of share repurchase programs, according to Nationwide’s chief market strategist Mark Hackett. He believes these factors could push the S&P 500 beyond its recent trading range.
Earnings season continues Tuesday, with reports expected from Occidental Petroleum and Arista Networks, which could provide further market direction.
