US stock futures ticked upward Sunday night after a week that saw the major indexes slump, with the Dow logging its worst weekly performance since October, sparking fears of a pullback in response to record-high levels.
Nasdaq (NQ=F) futures bounced back about 0.4%. S&P 500 (ES=F) futures made a similar upward move of 0.4%, and futures attached to the Dow Jones Industrial Average (YM=F) crept up 0.3%.
As of 10:28:03 PM EST. Market Open.
NQ=F YM=F ES=F
Key events this week include the January report for the Personal Consumption Expenditure (PCE) index on Friday. The PCE index is the Federal Reserve’s preferred measure for inflation.
Meanwhile, earnings continue to roll in, with Nvidia taking the spotlight, (NVDA) releasing after the bell on Wednesday. Wall Street’s earnings expectations are high after the previous darling of the AI stock surge saw a rocky month when news from China competitor DeepSeek battered the stock’s value.
Of course, the week ahead will likely also be defined by market reaction to President Donald Trump’s unpredictable policy moves. Quick-changing tariff changes led investor moves throughout February, yet economists argue that Trump’s immigration policy changes could be just as meaningful in the weeks ahead.
“Investors are focused on the twists and turns of tariffs, but we think immigration policy deserves more attention. The macro effects of immigration restriction could be just as consequential,” Morgan Stanley chief US economist Michael Gapen wrote in a note to clients, per Yahoo Finance’s Josh Schafer.
In other earnings, reports this week are due from Lowe’s (LOW), Home Depot (HD), and Salesforce (CRM).
In macro moves, market watchers will have reports on US GDP, the housing market, and consumer confidence due this week.
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