U.S. stock futures edged higher on Monday night after Wall Street logged a strong start to February with gains in technology and chip stocks, as investors brace for earnings from megacap companies later in the week.
S&P 500 Futures gained 0.3% to 7,020.75 points, while Nasdaq 100 Futures rose 0.5% to 25,972.75 points by 19:41 ET (00:41 GMT). Dow Jones Futures traded 0.1% higher at 49,554.0 points.
Get exclusive insights on Wall Street moves, earning previews with InvestingPro Wall St gains ahead of AMD, Alphabet, Amazon earnings In Monday’s regular session, the S&P 500 closed near record highs, underscoring the market’s resilience despite recent volatility.
Gains were helped by renewed strength in artificial intelligence-related shares and semiconductor stocks, reflecting continued optimism over long-term demand for computing power and data infrastructure.
Attention is on the earnings calendar that could set the tone for markets in the days ahead. Advanced Micro Devices (AMD) (NASDAQ:AMD) is due to report results on Tuesday after the market close, with investors looking for updates on demand for its AI-focused chips.
Alphabet (NASDAQ:GOOGL) is scheduled to release earnings on Wednesday, followed by Amazon (NASDAQ:AMZN) on Thursday, putting the spotlight on advertising trends, cloud-computing growth, and consumer spending.
The upcoming reports follow a mixed reaction to Microsoft’s (NASDAQ:MSFT) earnings last week. While the company posted solid results, its outlook and comments around cloud growth and heavy investment in AI disappointed some investors, triggering profit-taking in parts of the technology sector and highlighting sensitivity to the pace of returns on AI spending.
After the bell, Palantir Technologies Inc (NASDAQ:PLTR) shares jumped 7% after reporting quarterly results that beat market expectations with signs of sustained demand for its AI-driven platforms across both government and commercial clients.
Jobs data delayed due to partial shutdown Beyond earnings, investors are also keeping an eye on upcoming economic data and signals from the Federal Reserve for clues on the outlook for interest rates.
Lawmakers in Washington are working on legislation aimed at averting a partial U.S. government shutdown that began over the weekend. The U.S. House of Representatives took up a Senate-approved funding bill late Monday, with a final vote expected on Tuesday.
The U.S. Bureau of Labor Statistics said on Monday that it will not release the January jobs report on Friday as scheduled due to the funding lapse, and other labor market data originally due this week have also been postponed until federal operations resume.
