Futures contracts tied to the major U.S. stock indexes held steady in early morning trading on Monday as investors braced for one of the busiest weeks of the first-quarter earnings season.
Contracts linked to the S&P 500 hovered above the flatline while those tied to the Dow gained 46 points. Nasdaq 100 futures sat marginally lower.
Investors are due for a busy week ahead between a Federal Reserve meeting, the debut of President Joe Biden’s “American Families Plan,” more inflation data and ongoing corporate earnings reports.
The week ahead is a major one for corporate earnings, with about a third of the S&P 500 set to update investors on how their businesses fared during the three months ended March 31. Some of the largest companies in the world are scheduled to publish results this week such as Apple, Microsoft, Amazon and Alphabet.
With the global economy gradually reopening, firms like Boeing, Ford and Caterpillar are expected to note cost pressures they are facing from rising materials and transportation prices.
