Amazon and Apple earnings ahead, U.S. jobs report looms -- what's moving markets
Investing.com — U.S. stocks point higher ahead of a week of major corporate results and key economic data. Amazon and Apple are set to round out a multi-week crush of earnings from Big Tech, while nonfarm payroll figures for July could provide clues into the impact of over a year of Federal Reserve policy tightening.
1. Futures edge higher
U.S. stock futures inched up on Monday, but stayed close to the flatline, as investors looked ahead to a fresh batch of tech earnings and key U.S. employment data this week.
At 05:12 ET (09:12 GMT), the Dow futures contract had gained 18 points or 0.05%, S&P futures added 4 points or 0.08%, and Nasdaq 100 futures moved up by 8 points or 0.05%.
The main indices remain on track to post monthly gains before the final trading day of July. The Dow Jones Industrial Average, which saw its longest win streak since 1987 snapped last week, is up 3.1% this month, while the S&P 500 has climbed 3% and the tech-heavy Nasdaq Composite has added 3.8%.
As July turns to August, traders are awaiting earnings later in the week from Amazon and Apple, as well as chipmakers AMD (NASDAQ:AMD) and Qualcomm (NASDAQ:QCOM).
Meanwhile, the crucial U.S. nonfarm payrolls report for July is due out on Friday, with economists predicting that the world's biggest economy added fewer jobs compared to the prior month.
2. Amazon and Apple results ahead
E-commerce giant Amazon (NASDAQ:AMZN) and iPhone-maker Apple (NASDAQ:AAPL) will both report their latest quarterly results on Thursday, rounding out a wave of closely-watched Big Tech earnings in recent weeks.
Focus will likely hover around how the companies' revenue flows fared during a three-month period marked by economic uncertainty that has persuaded some businesses
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