Market Optimism Ahead of Big Tech Earnings

US stock futures showed a positive trend on Monday, with investors keenly awaiting the earnings reports from tech giants Alphabet and Tesla. These companies, part of the so-called Magnificent Seven, are set to disclose their financial performance on Thursday, sparking interest across the market.

Trade Tensions Back in Focus

Adding to the market's focus, US Commerce Secretary Howard Lutnick has marked August 1 as a "hard deadline" for nations to start paying tariffs. This announcement has brought trade discussions back into the limelight, potentially affecting global trade dynamics.

Early Market Movements

At 4:00 am ET, the S&P 500 futures saw an increase of 0.22%, while the Nasdaq 100 climbed 0.28%. The Dow Jones futures also rose by 106 points, or 0.24%, indicating a broad sense of optimism among investors. Meanwhile, the euro gained 0.12% against the dollar, trading at $1.16405 at 4:04 am ET.