Traders work on the American Stock Exchange (AMEX) floor of the New York Stock Exchange (NYSE) on Thursday, July 16, 2026 in New York, USA.
Michael Nagle | Bloomberg | Getty Images
Futures tied to the Dow Jones Industrial Average were little changed Monday night after the index rose for a second straight day. Investors are bracing for a big week of gains for large-cap stocks and the Federal Reserve’s interest rate decision.
dow futures It rose by 24 points (0.05%). S&P500 futures Although it fell by 0.03%, Nasdaq 100 futures It fell 0.2%.
Wall Street is emerging from a volatile trading session. The 30-stock Dow Jones Industrial Average rose more than 260 points, or roughly 0.5%, S&P500 It rose slightly, helped by falling oil prices due to a pause in fighting in the Middle East.
Meanwhile, the Nasdaq Composite Index ended the day down 0.2% as the unwinding of semiconductor stocks put pressure on the tech-heavy index.
In Asia, South Korea’s Kospi fell by 5.93%. Japan’s Nikkei Stock Average fell 0.65% and TOPIX fell 0.63%. Australia’s benchmark S&P/ASX 200 was down 0.38%.
The market tension reflects uncertainty ahead of a crucial week for stocks. Even if megacaps themselves are depressed, the chip trade hinges on continued spending from hyperscalers, with investors bracing for earnings from Amazon, Metaplatform, and Microsoft. Apple will also report this week.
“We’re going to hear from all the hyperscalers this week about their intentions to further increase their capex. So those stocks may be under pressure,” Stephanie Link, chief investment strategist at Hightower, said Monday on CNBC’s “Closing Bell.” “As long as the hyperscalers are spending, that’s fine. That’s helping the economy.”
The Fed is expected to make an interest rate decision on Wednesday as well. Investors expect the central bank to keep policy on hold at its July meeting, but to seek more clarity on the future direction of monetary policy. The last time federal funds futures priced in a quarter-point rate hike was in September, according to the CME FedWatch tool.
On Tuesday, traders will monitor the release of the Consumer Confidence Index. Quarterly results for Coca-Cola, UPS, Corning and Boeing are expected to be released before the bell.
Investors will also continue to focus on oil prices and the bond market. international benchmark brent crude oil Futures prices recently fell below $90 a barrel amid a pause in fighting between the United States and Iran. of US 10-year Treasury yield It has returned to around 4.65%.
