US futures rise as focus shifts to Big Tech earnings, Fed meeting; Nasdaq, S&P 500 rise up to 0.4%

US futures rise as focus shifts to Big Tech earnings, Fed meeting.

US stock futures rose on Tuesday as investors awaited quarterly earnings from major technology companies and the outcome of the Federal Reserve’s policy meeting on Wednesday.

Futures linked to the S&P 500 were up 0.25 percent, while those on the Nasdaq 100 rose 0.44 percent. Dow Jones Industrial Average futures gained 0.07 percent at around 5:15 pm IST, indicating a firm opening for Wall Street at 7 p.m. (Indian Standard Time).

Investor sentiment was buoyed by expectations around earnings from tech giants including Meta, Microsoft, Amazon and Apple, scheduled to report this week. Market participants are looking to these results to assess the sustainability of the recent market rally.

Focus also remained on the two-day Federal Open Market Committee (FOMC) meeting beginning Tuesday. While the US central bank is widely expected to hold interest rates steady, investors will watch for signals on the timing of possible rate adjustments.

On Monday, the S&P 500 and Nasdaq Composite ended at record highs amid volatile trading after the United States and European Union reached a trade agreement. The pact, announced on Sunday, cut EU import tariffs to 15 percent and raised hopes of further deals before the August 1 deadline set by US President Donald Trump.

Trump also proposed a global tariff of 15-20 percent for countries not engaged in trade negotiations with the US.

Meanwhile, talks between the US and China resumed in Stockholm on Monday as both sides aimed to resolve longstanding economic issues and potentially extend a trade truce by three months.

In Asia, Japan’s Nikkei 225 and Hong Kong’s Hang Seng indices closed lower. However, South Korea’s Kospi and China’s Shanghai Composite ended in the green.

European markets traded higher in early deals. The pan-European STOXX 600 index rose 0.53 percent, while Germany’s DAX fell 1.19 percent and France’s CAC 40 declined 1.24 percent.

Back home, benchmark indices rebounded after a three-session losing streak, supported by gains in Reliance Industries and HDFC Bank. Sensex rose 446.93 points or 0.55 percent to close at 81,337.95. It touched an intraday high of 81,429.88. The broader Nifty climbed 140.20 points or 0.57 percent to end at 24,821.10.

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