Futures-options merchants work on the ground on the New York Inventory Trade’s NYSE American in New York Metropolis, U.S., Oct. 27, 2025.
Brendan McDermid | Reuters
Inventory futures have been little modified Tuesday morning following an enormous rally to start out the week.
Key market catalysts loom forward this week, together with Massive Tech earnings, a Federal Reserve charge choice and a possible China commerce deal.
Futures tied to the Dow Jones Industrial Common have been marginally down. S&P futures have been principally flat, whereas Nasdaq 100 futures have been buying and selling simply above the flatline.
Buyers throughout Monday’s session cheered cooling tensions between the U.S. and China forward of a highly-anticipated assembly between President Donald Trump and China President Xi Jinping on Thursday. Each nations have agreed on a framework for a possible commerce deal, which addresses China uncommon earth minerals restrictions, soybean purchases and TikTok.
The S&P 500 within the earlier session recorded its first-ever shut above the 6,800 stage, whereas the tech-heavy Nasdaq Composite and the Dow Jones Industrial Common additionally closed at file highs. The Russell 2000 small-cap benchmark completed at a brand new all-time excessive as nicely.
Tuesday marks the beginning of the two-day Fed assembly, the place the central financial institution is predicted to chop charges for a second time this yr. Merchants are additionally hoping for a sign from Fed Chair Jerome Powell on Wednesday that the central financial institution will reduce as soon as extra at its closing assembly of the yr in December, partly pushed by issues a few weakening labor market. The Fed is coping with an financial information blackout given the continued U.S. authorities shutdown.
Buyers are additionally eyeing a slew of upcoming earnings reviews due Wednesday and Thursday from a number of “Magnificent Seven” shares, together with Alphabet, Amazon, Apple, Meta Platforms and Microsoft, which collectively account for roughly one quarter of the S&P 500’s whole worth. Up to now, the third-quarter earnings season is off to a powerful begin.
“One other batch of stable earnings, indicators of easing inflation pressures, firming charge reduce expectations, and affirmation of a President Trump-Xi assembly later this week underpinned the shopping for strain,” LPL Monetary chief technical strategist Adam Turnquist stated in a notice. “Basic power will probably be within the highlight this week, as 30 corporations within the NDX report earnings.”
Nucor and Cadence Design Techniques have been amongst a handful of shares shifting in after-hours buying and selling on the again of their earnings outcomes. Amazon introduced it can start layoffs on Tuesday that may quantity to the biggest cuts to its workforce within the firm’s historical past, CNBC reported, including to the slew of job cuts seen within the tech business this yr.
