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US stock futures steady
Jul 23 2024 6:48PM
U.S. stock index futures steadied Tuesday ahead of key earnings from the important tech sector, which could dictate future sentiment on Wall Street. 

At 06:40 ET (10:40 GMT), Dow Jones Futures rose 57 points, or 0.1%, while S&P 500 Futures rose 5 points, or 0.1%, and Nasdaq 100 Futures dropped 7 points, or 0.1%. 

A large rotation back into technology stocks saw Wall Street rebound on Monday, although benchmark indexes still remained well below recent peaks. 

The S&P 500 jumped 1.1%, its best session since early June, the NASDAQ Composite surged 1.6%, and the Dow Jones Industrial Average rose 0.3%. 

Alphabet, Tesla set to report Q2 earnings 
The focus Tuesday was now squarely on upcoming earnings prints from tech majors Alphabet (NASDAQ:GOOGL) and Tesla (NASDAQ:TSLA), due after the close on Tuesday. 

Alphabet is set to offer more cues on how Wall Street’s internet giants are benefiting from artificial intelligence, as well as how much they are spending on developing the new technology.

Tesla’s earnings are set to show how the electric vehicle maker is navigating a sharp decrease in demand, while focus will also be on its promises of AI-driven autonomous driving and robotaxis. 

Beyond the two tech giants, a slew of other Wall Street majors are set to report on Tuesday, including Visa (NYSE:V), Coca-Cola (NYSE:KO), Texas Instruments (NASDAQ:TXN), Lockheed Martin (NYSE:LMT), General Electric  (NYSE:GE) and United Parcel Service (NYSE:UPS). 

The second quarter earnings season is widely expected to dictate Wall Street’s trajectory in the coming weeks.