Stock market today: US futures climb as traders await crucial 'Magnificent 7' earnings reports
US stock futures climbed in premarket trading on Monday ahead of a big week of earnings reports.
Microsoft, Alphabet, Meta, and Tesla are all set to post their results for the first quarter of 2024.
US GDP and inflation data could also move markets this week.
US stocks looked set to open higher on Monday, as investors geared up for a set of mega-cap earnings reports and economic data that'll offer more insight into how the Federal Reserve's battle against inflation is going.
S&P 500 futures were up 0.5% shortly before 6 a.m. ET, while Nasdaq 100 futures had climbed 0.6%. The Dow Jones Industrial Average was on pace to add 165 points.
Meanwhile, yields on 10-year US Treasury notes rose about four basis points to 4.66%, while the US Dollar Index — which tracks the greenback against a basket of six other currencies — traded flat.