Stock futures were slightly higher late Sunday as Wall Street prepared for a busy week of corporate earnings reports.
Dow Jones Industrial Average futures rose 87 points, or about 0.2%, while S&P 500 futures rose 0.2% and Nasdaq 100 futures rose 0.3%.
The futures moves come after a volatile week for stock markets.
The S&P 500 fell 0.8% and the tech-heavy Nasdaq Composite Index dropped 2.1%, but the Dow rose 0.8% and the small-cap Russell 2000 added 3.5%.
The tech trading slowdown has hurt market indexes across the board, but rallies in areas such as small caps have been encouraging to many market strategists.
“We’ve seen some volatility over the past few weeks, but we’re seeing more participation now and I think this will be a good thing for investors over the long term,” said Carrie Cox, chief market strategist at Ritholtz Wealth Management.
Earnings reports this week will play a key role in determining whether tech stocks can recover, with Microsoft, Meta Platforms, Apple and Amazon all due to report quarterly results in the coming days.
Another key event this week is the Federal Reserve meeting, with the central bank due to release a new policy statement on Wednesday. The Fed is not expected to cut interest rates this week, but traders will be looking for clues as to how likely the central bank is to take action at its September meeting.
