Market Rebound: U.S. stock futures edged higher on Monday morning, indicating a potential rebound following last week’s significant downturn. Investors are turning their attention to key economic data and corporate earnings slated for this week. As of 2:54 a.m. EST on February 24, futures for the Nasdaq 100, Dow Jones Industrial Average, and S&P 500 were up 0.31%, 0.47%, and 0.4%, respectively.
The previous week saw notable declines across major indices, with the Dow Jones experiencing its steepest weekly drop since October 25, falling by 2.5%. The S&P 500 and Nasdaq Composite also decreased by 1.7% and 2.5%, respectively, driven by renewed concerns over U.S. economic growth.
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This week’s economic calendar features the release of Consumer Confidence data on Tuesday and the Personal Consumption Expenditures (PCE) index on Friday, the Federal Reserve’s preferred measure of inflation. These reports will offer insights into January’s inflation trends and potential implications for the Fed’s monetary policy.
On the corporate front, several major companies are set to announce earnings, including Salesforce, Lowe’s, Home Depot, Lucid Group, Snowflake, eBay, Warner Bros. Discovery, and Stellantis. Notably, Nvidia is scheduled to release its fourth-quarter results on Wednesday. Investors are keenly observing Nvidia’s performance, especially in light of emerging competition from Chinese AI startup DeepSeek, which has introduced cost-effective AI solutions, potentially impacting Nvidia’s market position.
Meanwhile, the U.S. 10-year Treasury yield has risen, hovering near 4.445%. In contrast, West Texas Intermediate (WTI) crude oil futures have declined, trading around $70.30 per barrel.
In Europe, stock indices are anticipated to open higher on Monday as investors digest the outcomes of Germany’s general election. Traders are optimistic that the newly elected government will implement increased spending to address economic challenges.
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In the Asia-Pacific region, markets traded lower today as investors assessed Beijing’s 2025 action plan aimed at attracting foreign investment. Additionally, caution prevailed ahead of key U.S. economic data releases, including the PCE report and GDP growth estimates. Notably, Hong Kong’s Hang Seng Index decreased by 0.45%, while China’s Shanghai Composite and Shenzhen Component indices fell by 0.18% and 0.08%, respectively. It’s also worth mentioning that Japanese markets were closed today in observance of the Emperor’s Birthday.
As the week unfolds, market participants will closely monitor these economic indicators and corporate earnings to gauge the trajectory of the U.S. economy and make informed investment decisions.
