Stock Market Today: Dow Jones, S&P 500, Nasdaq 100 Futures Rise Ahead of Apple, Palantir Earnings; RYAAY, USLM, INO in Focus (UPDATED)
Key takeaways
- U.S. futures climbed ahead of Apple and Palantir earnings, with Treasury yields near 5% and a 73% chance of a rate hike keeping growth stocks on edge.
Fed
The Federal Reserve — the US central bank that influences interest rates and money conditions.
- 10‑year Treasury yield 4.91%
- 2‑year Treasury yield 4.59%
- hike probability 72.9%
Fed
The Federal Reserve — the US central bank that influences interest rates and money conditions.
What happened
U.S. stock futures rose on Monday, with the Dow Jones, S&P 500, and Nasdaq 100 all moving higher after a lower Friday close. The gains came as investors awaited earnings from Apple (AAPL) and Palantir (PLTR) and watched the performance of Ryanair, United States Lime & Minerals, and Inovio. Treasury yields were 4.91% for the 10‑year and 4.59% for the 2‑year, and the FedWatch tool priced a 72.9% chance of a rate hike after the December meeting.
Why it matters
The market’s lift signals that traders are looking ahead to corporate earnings and key economic data, while the The Federal Reserve — the US central bank that influences interest rates and money conditions. What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.Fed
guidance
Short-term and longer-term
Short-term. Over the next couple of days, watch for Apple and Palantir earnings releases; a positive surprise could lift tech names, while a miss might trigger a pullback.
Longer-term. For the coming months, the earnings reports will shape the long‑term outlook for tech and travel sectors.
Words on this card
- FedWatch
- A tool that estimates the probability of a Federal Reserve rate hike based on market data
- EPS Learn
- Earnings per share, a company’s profit divided by its shares outstanding
- PMI
- Purchasing Managers Index, a gauge of manufacturing or services activity
- JOLTS
- Job Openings and Labor Turnover Survey, a measure of labor market conditions
- ADP
- Automated Data Processing, a private employment report
- IS
- Institute for Supply Management, which publishes PMI reports