U.S. stock futures moved higher late Sunday, with Nasdaq futures leading gains as investors prepared for a crucial week for Wall Street. The advance came as oil prices pulled back, helped by a pause in fighting involving the U.S. and Iran over the weekend.
The calmer move in energy markets appeared to support risk appetite at the start of the week. Lower oil prices can ease some pressure on inflation expectations, but traders are still heading into a crowded stretch filled with major market-moving events.
A heavy slate of earnings, especially from large-cap and megacap companies, is expected to test whether the recent market trend can hold. Results from some of the market’s biggest names could have an outsized effect on the major averages, particularly the tech-heavy Nasdaq.
Investors are also looking ahead to the Federal Reserve meeting, which adds another layer of uncertainty. With corporate earnings, central bank signals and geopolitical developments all in focus, the week is shaping up to be an important one for stocks.
