US stock futures are subdued, but continued buying of technology stocks is expected on the back of gains in the Dow during the previous day's New York session and a positive response to technology-sector earnings. Market trends will be closely watched ahead of tonight's jobless claims data and next week's FOMC.
S&P 500 futures and Nasdaq 100 futures are subdued, while Dow futures are expected to open slightly lower. Meanwhile, long-term interest rates are showing a restrained trend, and selling may lead today's market.
All three major indexes rose in the previous day's New York session, with the Dow closing up around 360 points. A succession of technology-sector earnings reports drove the market, with SpaceX posting its first-ever profit since its founding and Meta Platforms recording its highest-ever revenue.
Today's earnings calendar is expected to feature results from AI-related technology companies such as Tesla and Lam Research that exceed market expectations. Investors are also looking for strong results after the close from Bloom Energy and Western Digital.
Initial jobless claims due tonight are expected to be weak, and a decline in expectations for another rate hike at next week's FOMC could prompt buying as interest rates fall. However, a marked slowdown in inflation could also increase the risk that profit-taking will weigh on the market.