A dealer works on the ground on the New York Inventory Alternate (NYSE) in New York Metropolis, U.S., July 11, 2025.
Jeenah Moon | Reuters
Inventory futures inched greater on the heels of the S&P 500 and Nasdaq Composite eking out one more report regardless of a market rally failing to materialize.
S&P 500 futures and Nasdaq 100 futures gained 0.15% and 0.24,% respectively. Futures tied to the Dow Jones Industrial Common added 60 factors.
The strikes come after the S&P 500 and the Nasdaq Composite hit new all-time and shutting highs throughout Monday’s buying and selling session, simply barely seeing positive aspects. It was the fifteenth report shut for the broad market index in 2025. The S&P 500 finally completed the day simply above the flatline, whereas the 30-stock Dow ticked down by 0.1%. The Nasdaq ended 0.3% greater, in contrast.
The broad market index’s preliminary average positive aspects earlier within the day adopted President Donald Trump’s announcement Sunday that the U.S. has struck a commerce cope with the European Union, an settlement that can impose 15% tariffs on most items imported from Europe, together with vehicles. The president additionally stated Monday that the baseline international tariff charge can be “within the vary of 15 to twenty%.”
Whereas buyers successfully seemed previous the U.S.-EU commerce deal, they are going to be anticipating every other potential offers between the U.S. and different international locations, comparable to China, to be introduced by Friday’s tariff deadline. High U.S. and Chinese language officers met in Stockholm Monday for an additional spherical of commerce talks.
Tariffs and inflation will stay a focus all through the week in different areas as effectively. The Federal Reserve is about to supply its choice on rates of interest Wednesday following its two-day coverage assembly. Central financial institution policymakers are extensively anticipated to maintain charges regular at a spread of 4.25% to 4.5%.
This week additionally marks the busiest week of earnings season, with greater than 150 S&P 500 corporations on account of report. That features a number of “Magnificent Seven” corporations, specifically Meta Platforms and Microsoft slated for Wednesday in addition to Amazon and Apple for Thursday. Moreover, UPS, Procter & Gamble, Merck and Boeing are amongst a number of names reporting earlier than the bell Tuesday.
“If we get no surprises in earnings and a few dovish feedback by the Fed, it is possible we’ll see but extra new highs by the tip of the week,” Louis Navellier, founder and chief funding officer at Navellier & Associates, stated in a latest observe.
Because it stands, 170 S&P 500 corporations have reported their quarterly outcomes, and greater than 83% have crushed expectations, in line with FactSet information.
It is a large week for information, with the Job Openings and Labor Turnover Survey (JOLTS) due Tuesday, the ADP personal payrolls report Wednesday and weekly jobless claims Thursday.
July’s nonfarm payrolls due Friday can be a key occasion for merchants. Economists polled by Dow Jones count on the report to indicate 100,000 jobs added in July, lower than the 147,000 added in June. The unemployment charge is anticipated to rise barely to 4.2% from 4.1%.
