US stock futures traded flat as investors prepared for earnings season to pick up steam, with Big Tech earnings ahead.
Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) traded flat. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) tricked down 0.1%.
On Monday, the S&P 500 and Nasdaq cleared fresh records even as the EU prepared for a no-deal scenario with the US ahead of President Trump’s Aug. 1 deadline to strike trade agreements.
Read more: The latest on Trump’s tariffs
Meanwhile, Wall Street is eagerly waiting for second-quarter earnings results from tech heavyweights Alphabet (GOOGL, GOOG) and Tesla (TSLA) on Wednesday.
As the valuation of large-cap tech stocks soars, investors are hoping for reassurance that the hype around AI is more than just buzz. Tesla, with its stock down roughly 20% this year, faces particular scrutiny over how its core auto business is performing amid CEO Elon Musk’s political activities and other headwinds.
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