U.S. stock futures were mixed, with S&P futures slightly higher, Nasdaq futures soft and NY Dow futures up. Against a backdrop of uncertainty in the Middle East and movements in AI-related stocks, market developments will remain in focus today.
In U.S. stock futures trading, S&P 500 futures were at 7,745.00, up 10.50 from the previous day, Nasdaq 100 futures were at 29,701.75, down 20.75, and NY Dow futures were up $142, pointing to a slightly stronger opening tone. In the previous session, the Dow closed down $36, while the S&P and Nasdaq remained firm and turned positive. Crude oil prices are seen remaining elevated, and expectations are growing that long-term yields will also stay high.
The focus of today's market is whether declines will ease. Progress toward peace in the Middle East has receded, while crude oil prices are expected to remain high. If inflationary pressure intensifies, long-term yields may remain elevated, and if concerns about an economic slowdown spread, they could affect the market. In earnings, attention is likely to focus on Northrop Grumman as an AI-related stock, as well as companies with a large impact on the indexes.
Netflix and Pegasystems are also expected to attract interest in connection with earnings. Housing-related indicators scheduled for release tonight are expected to show mixed results, and broadly weak results could be a negative factor for the market.