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Stock futures are little changed as Wall Street braces for a busy week of earnings, Fed meeting

Traders on the floor of the NYSE, July 6, 2022.

Source: NYSE

U.S. stock futures were little changed on Monday morning, coming off a positive week for the major averages, as traders brace for the busiest week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve.

Dow Jones Industrial Average futures slid 35 points, or 0.11%. S&P 500 futures dipped 0.12% and Nasdaq 100 futures declined 0.08%.

On Friday, the major averages fell on the back of weaker-than-expected earnings from Snap that sent tech shares tumbling. The Dow lost 137.61 points, or 0.43%. The S&P 500 declined 0.93% to 3,961.63, while the Nasdaq Composite traded 1.87% lower at 11,834.11.

Still, all three benchmarks closed the week higher, with the Dow up 2%. The S&P 500 advanced about 2.6%, and the Nasdaq capped the week up 3.3%.

Investors shifted into risk assets last week after…

Read more at www.cnbc.com

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