US stock futures climbed on Tuesday as investors returned from the extended holiday weekend, with market participants looking ahead to this week’s release of the latest FOMC minutes to assess the outlook for monetary policy.
On Monday, Federal Reserve Governor Christopher Waller suggested that he supports holding off on interest rate cuts, citing recent economic data, unless inflation mirrors the trends seen in 2024.
Investors are also awaiting February’s US manufacturing and services PMI reports this week for further insights into the state of the economy.
On the corporate front, earnings reports from major companies such as Arista Networks, Occidental Petroleum, Analog Devices, Walmart, and Constellation Energy are expected this week.
Last week, the major stock indices posted gains as concerns over aggressive tariffs eased.
The Dow rose 0.55%, the S&P 500 increased by 1.47%, and the Nasdaq Composite surged 2.58%.
