US shares shall be seeking to bounce again after a little bit of a hiccup final week. Tech shares noticed its worst exhibiting since April with the Nasdaq erasing its month-to-month features for July. Thus far at present, we’re seeing a calmer temper however it’s nonetheless early within the day. S&P 500 futures are up some 0.4% whereas Nasdaq futures are up 0.6% at present.
S&P 500 futures
For the week itself, all eyes shall be on earnings releases for 2 of the Magnificent Seven.
Each Alphabet (Google) and Tesla shall be reporting after hours tomorrow and they are going to be key ones to observe in figuring out the temper music for broader market sentiment this week.
After final week’s drop, the S&P 500 remains to be up 0.8% on the month because it hopes to maintain up its July hot streak since 2015.
