U.S. stock futures are higher before key economic reports

U.S. Stock Futures noted that his stock futures rate was higher after the fifth consecutive S&P 500 on Monday before the company's revenue and some important economic reports.

President Donald Trump is also on the cusp of reducing auto tariffs, which may stir up emotions, according to the Wall Street Journal.

Futures related to Bluecore Archives rose 0.28% at 5:45 a.m. ET, the S&P 500 rose 0.19% and the Nasdaq stock of Nasdaq High-Tech rose 0.20%.

About 180 companies in the S&P 500 will report quarterly earnings this week, and investors will closely monitor how Trump’s tariffs affect future profits and consumer spending. Importantly, four of them are one of the largest and most influential companies in the U.S. stock market. They are Amazon, Apple, Facebook parents Meta and Microsoft. Especially Apple, due to its heavy dependence on China, Apple will be ugly.

"It can be said that these MAG-7 revenues will go a long way to determine the tone of the week," Jim Reid, head of global macro and thematic research at Deutsche Bank, wrote in a note on Monday.

Other major companies, such as Coca-Cola, Visa, Pfizer, Starbucks, Chevron, McDonald's, Eli Lilly and General Motors, will also report earnings this week.

Archive Photo: January 16, 2019, Manhattan Municipality, New York City, New York City, USA

In addition to company earnings, investors focus on trade news.

Trump is expected to mitigate the impact of his car tariffs by preventing tariffs on foreign-made cars from piled up other tariffs he imposed and mitigating tariffs on other tariffs on foreign-made cars made in the United States.

Sources say this means that automakers that pay Trump's auto tariffs will not charge fees for other duties, such as those of steel and aluminum. The move, people say, will be retroactive, meaning that automakers can be repaid for such tariffs that have been paid.

Such moves would be seen as a positive signal of inflation and the economy, analysts said.

Investors will also receive some key economic reports. On Wednesday, gross domestic product (GDP) will be released in the first three months of the year and the Fed's preferred inflation meter before the market opens.

"If the first quarter GDP reaches a consensus forecast of 0.3% growth, it will be the softest quarter since the second quarter of 2022," said Mike O'Rourke, chief market strategist at Jonestrading. "At this point, the second quarter should be more challenging."

Investors will see an April job report on Friday before the market opens. According to the Wall Street Journal, economists are expected to add 130,000 new jobs on average.

Medora Lee is a money, market and personal finance journalist for America Today. You can contact her at mjlee@usatoday.com and subscribe to our free daily currency newsletter every Monday to Friday for personal finance tips and business news.

This article originally appeared before USA Today: US Stock Futures, leading the company's earnings, economic reports