Stock futures were little changed on Monday night, with traders bracing for a slew of corporate earnings reports from major companies such as JPMorgan Chase and UnitedHealth.
Dow Jones Industrial Average futures rose 30 points. S&P 500 futures hovered around the flatline along with Nasdaq-100 futures.
Big banks JPMorgan, Goldman Sachs, Citigroup and Wells Fargo are slated to release their results before the open on Tuesday. Dow member UnitedHealth is also on deck.
The early reports could set the tone for an earnings season with lofty expectations. Analysts on average expect S&P 500 profits grew by nearly 30% from the year-earlier period, according to FactSet.
"Three groups will likely shape how investors read the season: 1) Banks (consumer and business health), 2) Big Tech (AI monetization), and 3) Energy (the durability of oil-driven profits)," wrote Anthony Saglimbene, chief market strategist at Ameriprise. "Underneath these areas, the health of consumers and businesses amid higher interest rates, elevated costs, and concerns about the macroeconomic environment will be closely monitored across sectors throughout the season."