Investing.com -- U.S. stocks were rising on Monday, getting the new week on a positive note as investors await more corporate earnings and economic data. The Dow Jones Industrial Average futures were up 0.3%, while the S&P 500 futures and Nasdaq 100 futures gained 0.2% and 0.1% respectively. The positive sentiment follows a strong previous week for the stock market.
Investors are eagerly awaiting the upcoming earnings reports from major companies, which can provide insights into the health of various sectors and the overall economy. Many companies across industries are set to release their quarterly results this week, including tech giants such as Apple, Amazon, and Facebook.
The latest economic data will also be closely watched, with the release of key reports such as the Consumer Price Index (CPI) and retail sales figures. These indicators will offer further clues about the strength of the economic recovery and whether inflationary pressures are persisting.
In recent weeks, the stock market has been highly sensitive to news regarding the Federal Reserve's monetary policy. Any hints about potential tapering of the central bank's bond-buying program could impact investor sentiment. With the Federal Reserve's policy-setting meeting scheduled for later in the week, market participants will be closely monitoring any announcements or signals from the central bank.
The technology sector, which has been a key driver of stock market gains in recent months, will be in focus as investors analyze the latest earnings reports from big tech companies. The performance of these companies can have a significant impact on market sentiment and overall market direction.
In terms of sectors, financials, consumer services, and industrials led the gains in the previous session. The upcoming earnings reports from companies in these sectors could further influence market dynamics.
Overall, market participants are cautiously optimistic about the prospects for the stock market, but remain watchful for any potential risks that could impact investor sentiment. The ongoing COVID-19 pandemic, geopolitical tensions, and inflation concerns are among the factors that could influence market performance in the coming weeks.
