FX.co ★ US Futures Trade Steady

Futures tracking US equities were little changed on Monday, as optimism over robust corporate earnings offset concerns about tighter credit conditions stemming from elevated bond yields. Contracts on the S&P 500, Nasdaq 100, and Dow Jones Industrial Average traded near flat, with the S&P 500 and Nasdaq 100 edging close to record territory.

Across major economies, brokers issued buy recommendations across a range of sectors ahead of the September-quarter earnings season, signaling that companies have largely maintained solid earnings growth despite higher interest rates. However, energy prices and bond yields remained elevated as the conflict in the Middle East continued, reinforcing the risk of additional Federal Reserve rate hikes later this year.

Most major stocks traded higher in premarket activity. Meta gained about 2% and Salesforce rose roughly 4%, leading a strong session for software application names. In contrast, Micron, AMD, and Marvell each declined around 2%, as AI infrastructure-related stocks continued to exhibit heightened volatility.