US stock futures higher ahead of key economic reports

0 2 minutes read

Futures in the United States indicate an open top after the S&P 500 caused a fifth consecutive victory session on Monday a week before companies ’profits and some major economic reports.

president Donald Trump will also be on the threshold of alleviating the customs tariff for cars, according to the Wall Street Journal, which can raise feelings.

At 5:45 am EST, futures related to Blue Dow increased by 0.28 %, S&P gained 0.19 %, and NASDAQ technology added 0.20 %.

About 180 companies in S&P 500 will inform the profits of a quarterly annual this week, and investors will closely monitor how Trump’s tariff can affect future profits and consumer spending. More importantly, four of the so -called wonderful seven, which are among the largest and most influential companies in the American stock market, among them. They are Amazon, Apple, Facebook Parent Meta and Microsoft. Apple, in particular, will look at a closer look because of its strong dependence on China.

“It is fair to say that these Mag-7 profits will take a long way to dictate the tone of the week,” wrote Jim Reed, the international head of the total and objective research at Deutsche Bank, on Monday.

Other major companies such as Coca-Cola, Visa, Pfizer, Starbucks, Chevron, McDonald’s, Eli Lilly and General Motors are also reporting this week as well.

File image: The shipping bull or Wall Street was filmed in the Manhattan region in New York City, New York, United States, January 16, 2019. Reuters/Carlo Alegre/File

Regardless of corporate profits, investors focus on commercial news.

Trump is expected to reduce the impact of his car tariff by preventing duties on foreign cars from stacking over the other customs tariffs imposed and reduce some fees on foreign parts used to manufacture cars in the United States.

This means that car manufacturers that drive car tariffs in Trump will not be imposed on other duties, such as those in steel and aluminum, as sources mentioned. People said that this step will be retroactively, which means that car manufacturers can be paid for such definitions that have already been paid.

Analysts said that such a step would be a positive sign of inflation and economy.

Investors will also get some major economic reports to Mull. On Wednesday, GDP (GDP) will be released for the first three months of the year, along with the preferred inflation scale of the Federal Reserve before opening the market.

“If the gross domestic product in the first quarter meets 0.3 % consensus expectations, then this will be the best quarter since the second quarter of 2022,” said Mike Uch, chief market expert at Jonestrading, said. “At this point, the second quarter must be more challenging.”