empty

03.08.202623:52:17UTC+00US Futures Tick Higher After Strong Session

US stock futures edged higher on Tuesday after the major indexes opened the week with strong gains, buoyed by declining oil prices and a powerful rally in heavyweight technology names. In Monday’s regular session, the tech-focused Nasdaq Composite jumped 2.13%, while the S&P 500 and the Dow rose 1.48% and 1.32%, respectively.

Megacap technology stocks led the advance. Amazon climbed 4.6%, pushing its market value above $3 trillion for the first time. Other notable gainers included Microsoft (up 4.9%), Nvidia (2.9%), Meta Platforms (6%), Alphabet (4.9%) and Tesla (3.5%).

Sentiment was further supported by an approximately 5% drop in oil prices after President Donald Trump called off planned strikes on Iran in an effort to revive negotiations, easing worries about inflation and the future path of interest rates.

Investors are now focused on the next wave of corporate earnings due Tuesday, with results expected from SpaceX, AMD, Caterpillar, Merck, McDonald’s and others.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback