US Stocks Likely To Open Weaker As Investors Eye Alphabet, AMD And Pfizer Earnings: Expert Says Won't Be 'Surprised' If Earnings Exceed Wall Street Expectations

U.S. stocks could see a weak opening on Tuesday after the averages registered a mixed last week. While the S&P 500 and Dow Jones snapped their six-week winning streak, the Nasdaq Composite chalked its seventh straight week of gains.

Earning news flow will continue to pick up momentum in the coming days, with five of the seven “Magnificent 7” companies all set to post their earnings this week, this includes Apple Inc. (NASDAQ:AAPL), Microsoft Corp. (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:META), and Amazon.com Inc. (NASDAQ:AMZN).

Futures

Performance (+/-)

Nasdaq 100

0.05%

S&P 500

-0.04%

Dow Jones

-0.10%

R2K

-0.39%

In premarket trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.07% to $580.44 and the Invesco QQQ ETF (NASDAQ:QQQ) edged up by 0.03% to $495.54, according to Benzinga Pro data.

Cues From Last Session:

The Dow Jones ended its five-day losing streak on Monday, closing the day up by 0.65%. Nasdaq Composite continued to surge in the run-up to five of the seven earnings from "Magnificent 7" stocks this week.

Crude oil prices recovered slightly after tumbling over the weekend due to simmering tensions in the Middle East and Israel's missile strikes in Iran.

Treasury yields continued to rise, signaling concerns that regardless of who wins the elections, the ...