Us stock futures were a mixed bag Monday evening as Wall Street headed into a packed earnings week and investors look ahead to the Federal Reserve’s upcoming interest rate decision.
Futures tied to the Dow Jones Industrial Average (YM=F) fell around 0.3%, amid a sharp decline from UnitedHealth (UNH). S&P 500 futures (ES=F) hovered just below the flatline, while Nasdaq 100 futures (NQ=F) inched up 0.1%.
During Monday’s regular session, stocks moved higher to start the week, supported by gains in major technology names. Shares of Apple (AAPL), Meta Platforms (META), and Microsoft (MSFT) advanced ahead of their earnings reports later this week.
Earnings season ramps up significantly in the days ahead, with more than 90 S&P 500 companies scheduled to report. That slate includes several members of the so-called “Magnificent Seven,” with Meta, Microsoft, and Tesla (TSLA) set to release results on Wednesday, followed by Apple on Thursday.
Investors are also bracing for the Federal Reserve’s first policy decision of the year. While the Fed is widely expected to hold its benchmark rate steady in a range of 3.5% to 3.75%, traders will be watching closely for signals on the timing of future rate cuts.
Meanwhile, investors are grappling with new risks from Washington. President Trump said late Monday that tariffs on South Korean products — including autos, pharmaceuticals, and lumber — would be raised to 25% from 15%. Trump cited delays in South Korea’s legislature approving a trade agreement reached with the US last summer.
A government shutdown is also looming as Senate Democrats are attempting to block a bill funding the Department of Homeland Security following federal agents killing Alex Pretti, an American citizen, in Minneapolis.
On the economic calendar, Tuesday brings updated readings on consumer confidence and home prices. Corporate earnings due Tuesday include results from General Motors (GM), American Airlines (AAL) and Boeing (BA). Elsewhere in corporates, UnitedHealth shares and other insurer stocks sank after a report said the US plans to keep steady the rates the Medicare program pays insurers.
Coming soon
Stock market coverage for Tuesday, January 27, 2026.