Stock futures rose Monday morning as Wall Street awaits big tech earnings: Live updates

Stock futures rose Monday morning as traders looked forward to the corporate earnings release from technology industry giants.

Futures contracts are linked to the Dow Jones Industrial Average It rose 49 points, or 0.15%. Standard & Poor’s 500 futures And Nasdaq 100 futures It rose 0.24% and 0.26%, respectively.

The moves come on the heels of a tough week for stocks, as concerns about rising interest rates sent all three major indexes into negative territory. the Standard & Poor’s 500 It ended the week down 2.4%, marking its first losing week in three weeks. the Dow Jones Industrial Average It lost 1.6%, while Nasdaq Composite It fell 3.2% to mark its second losing week in a row.

Return on the index US Treasury for 10 years It rose above the key level of 5% on Thursday for the first time since July 2007. The move came after Federal Reserve Chairman Jerome Powell signaled hawkish messages in a speech at the Economic Club of New York.

Earnings season is heating up this week, with a slew of big tech giants set to announce their results. Investors will expect results from the alphabet, Amazon, dead And Microsoft To provide basic information for the stock market.

“Hopefully we will see some continued positive strength there in the economy and what they see going forward,” said Ryan Detrick, chief market strategist at Carson Group. “The headlines are definitely scary. But the fundamentals for us are very strong. We continue to see an earnings season that will come in better than expected.”

Traders are also bracing for the release of key economic data this week, including the advance report on third-quarter US GDP on Thursday. The personal consumption expenditures report, a measure of inflation, is scheduled for release on Friday. Investors are concerned that if these reports come in stronger than expected, another rate hike may not be completely off the table this year.