Traders on the floor of the NYSE, Aug. 4, 2022.
Source: NYSE
Stock futures traded higher early on Monday as investors awaited big earnings reports to roll in.
Futures on the Dow Jones Industrial Average gained 111 points or 0.37%. S&P 500 futures and Nasdaq 100 futures inched 0.37% and 0.33% higher, respectively.
The S&P 500 just came off its fourth negative week in five with a 1.6% loss last week. A hotter-than-expected inflation reading stoked wild price swings in the markets as investors readjusted their expectations for the Federal Reserve’s coming rate hikes.
“As inflation remains elevated for longer and the Fed hikes further, the risk increases that the cumulative effect of policy tightening pushes the U.S. economy into recession, undermining the outlook for corporate earnings,” Mark Haefele, CIO at UBS Global Wealth Management, said in a note.
Meanwhile, the third-quarter earnings season has kicked off. Investors are monitoring…