Stock Futures, Federal Reserve
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Wall Street prepared for major earnings and economic data ahead of a blockbuster week that could shake markets.
The moves come after the S&P 500 and the Nasdaq Composite hit new all-time and closing highs during Monday’s trading session.
Asian shares mostly fall on Tuesday, with Japan and Hong Kong leading the downturn. Investors adopted a cautious stance as a looming U.S. tariff deadline approaches, and major central bank decisions from both the Bank of Japan and the Federal Reserve are anticipated this week.
Investors appeared to embrace news of a trade deal between the U.S. and European Union on Sunday that is expected to bring clarity for companies and some certainty to markets ahead of U.S. President Donald Trump's Friday tariffs deadline.
U.S. stock futures rose Friday after the Nasdaq closed at a new record Thursday. European shares fell in line with Asia amid uncertainty regarding Fed interest rates.
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Stock futures edged higher on Tuesday (July 29) after the S&P 500 and Nasdaq Composite notched fresh record highs, even as Monday's broader market rally struggled to gain traction. Futures linked to the S&P 500 rose 0.
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Futures tied to Canada's main stock index rose on Tuesday, tracking gains in gold and energy prices, while investors assessed corporate earnings and awaited trade deals with the U.S. ahead of the August 1 tariff deadline.