Stock Futures Edge Up as Investors Await Earnings Reports to Drive Market to New Highs: Live Updates

Money | July 14, 2024, 5:14 p.m.

Stock futures rose slightly in overnight trading Sunday as investors prepare for a significant week of key corporate earnings. The Dow Jones Industrial Average futures increased by 0.2%, while S&P 500 futures and Nasdaq 100 futures each added 0.1%. Investor focus is shifting towards second-quarter earnings reports, which could drive the market's rally to new records in 2024. The Dow recently hit an all-time high above 40,000, with a 6.1% increase for the year, while the S&P 500 surged 18% to a new record, led by tech giants. Over 40 S&P 500 companies are expected to report earnings this week. Traders are also monitoring the aftermath of the attempted assassination of former President Donald Trump over the weekend and its potential impact on the U.S. political landscape. The recent solid performance of major equity benchmarks, coupled with mixed results from big banks, sets the stage for a volatile and eventful week ahead.