08.02.202623:49:14UTC+00US Futures Edge Higher Ahead of Key Data

U.S. stock futures saw a slight uptick on Monday as investors geared up for a busy week filled with significant economic data and earnings reports. Later this week, markets anticipate Friday's release of the January jobs report, which had been delayed due to the partial government shutdown. This follows last week's indicators suggesting a slowdown in labor market activity. Additionally, the January consumer price index is also set to be released on Friday. From a corporate perspective, companies like Coca-Cola, Ford Motor, Robinhood, McDonald's, and Coinbase Global are among those expected to report their earnings this week. In the previous week, major indices initially faced declines due to pressures on technology stocks, cryptocurrencies, and precious metals. However, they rebounded as market sentiment improved by Friday. The Dow Jones Industrial Average saw a 2.5% increase over the week, while the S&P 500 and the Nasdaq Composite experienced slight declines of 0.1% and 1.84%, respectively.