U.S. markets are set to open with focus on yesterday's earnings releases and anticipation for a packed week of technology earnings.
NextEra Energy reported EPS of $1.15, slightly above estimates, though revenue came in below expectations at $7.5 billion. American Express posted EPS of $4.53, beating forecasts, with revenue slightly missing.
The coming week features major reports from Microsoft, Apple, Amazon, and Meta, along with Visa, Mastercard, ExxonMobil, Coca-Cola, and Starbucks. Pre-market on Monday includes AstraZeneca and Baker Hughes.
Latest PMI data showed mixed results: Manufacturing at 53.8 missed expectations while Services beat forecasts.
Intel shares saw volatility after its report, with some gains erased on capex concerns. Data center-related names continued to attract interest on strong demand.
Futures and broader sentiment point to a cautious open, influenced by rate-hike odds, geopolitical tensions, and oil prices.
Why It Matters
The heavy earnings calendar this week will provide clearer insight into the health of major U.S. tech companies that dominate the indices.
Bottom Line
Today's session will digest yesterday's updates while preparing for the big-tech reporting wave.