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US Stock Futures Slip as Fed Minutes, Earnings Season Take Center Stage

US Stock Futures Slip as Fed Minutes, Earnings Season Take Center Stage. Source: AP Photo/John Minchillo

U.S. stock futures traded slightly lower late Monday after Wall Street began the week with solid gains led by technology and semiconductor stocks. Investors are now shifting their attention to the Federal Reserve’s upcoming meeting minutes and the start of the second-quarter earnings season, both of which could influence market direction in the coming days.

S&P 500 futures slipped 0.2% to 7,581.00, while Nasdaq 100 futures fell 0.7% to 29,737.75. Dow Jones futures were little changed at 53,434.00 in late trading.

During Monday’s regular session, the Dow Jones Industrial Average closed at a fresh record above 53,000. The Nasdaq Composite advanced 1.1%, and the S&P 500 gained 0.7%, fueled by renewed strength in semiconductor shares.

Broadcom was among the top performers after extending its chip development partnership with Apple through 2031. The announcement boosted investor confidence in the AI chip sector and helped lift the Philadelphia Semiconductor Index by more than 2%.

Meanwhile, investors evaluated Samsung Electronics’ preliminary second-quarter earnings. The South Korean technology giant is expected to deliver another record quarter, supported by robust demand for artificial intelligence memory chips and continued supply constraints across the semiconductor industry.

Market participants are now looking ahead to the release of the Federal Reserve’s latest policy meeting minutes on Wednesday. The report is expected to provide fresh insight into the central bank’s interest rate outlook. Following last week’s softer-than-expected U.S. jobs data, CME FedWatch data continues to indicate a relatively low probability of a July interest rate hike.

Attention is also turning to the second-quarter earnings season. PepsiCo is scheduled to report quarterly results on Thursday, followed by Delta Air Lines on Friday. Major U.S. banks are set to begin reporting earnings next week, giving investors a broader view of corporate performance and the health of the economy.

In addition, markets are watching SpaceX’s inclusion in the Nasdaq-100 on Tuesday, an event expected to drive elevated trading activity while keeping investor focus firmly on the AI sector and growth-oriented technology stocks.

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