Dow Futures Rise Ahead of Busy Week for Wall Street
Wall Street is poised for a higher open as Dow futures jumped 1% ahead of what promises to be an eventful week. The S&P 500 is expected to rise by 0.5%, while Nasdaq futures remain flat, reflecting investor caution about the recent rebound in tech stocks. Last month was difficult for technology shares, with the Philadelphia Semiconductor Index falling 20.6%—its worst performance since 2008—and contributing to a 3.2% drop in the Nasdaq. Investors have been rotating into non-technology sectors, leaving the S&P and Dow broadly flat. The week will also be shaped by currency moves after coordinated U.S.-Japan intervention pushed the yen higher against the dollar. Earnings reports from major companies like AMD, Caterpillar, McDonald's, Eli Lilly, Disney, Uber, Airbnb, and Berkshire Hathaway are expected to provide further direction.
Tickers: $ABNB $AMD $AZN $BMY $CAT $DIS $LLY $MCD $UBER
Topics: currency intervention Dow Jones earnings season Nasdaq S&P 500