May 2, 2023
U.S. stock-index futures were steady

U.S. stock-index futures were steady on Monday, as investors awaited the release of key economic data and earnings reports from major companies.
The Dow Jones Industrial Average futures were up 0.1%, while the S&P 500 futures were flat. The Nasdaq 100 futures were down 0.1%.
Investors are closely watching the release of the U.S. manufacturing and services PMI data for July, which is expected to show a slight improvement from the previous month. The data will provide insights into the health of the U.S. economy and the impact of the ongoing pandemic.
In addition, investors are also awaiting earnings reports from major companies, including Tesla, Alphabet, and Microsoft. These reports will provide insights into the performance of these companies and their outlook for the future.
Tesla, which is set to report its earnings after the market close on Monday, is expected to report strong earnings, driven by strong demand for its electric vehicles. The company has been on a roll in recent months, with its stock price soaring to new highs.
Alphabet, the parent company of Google, is also set to report its earnings on Tuesday. The company is expected to report strong earnings, driven by strong growth in its advertising business.
Microsoft, which is set to report its earnings on Tuesday, is expected to report strong earnings, driven by strong demand for its cloud computing services.
Overall, investors are cautiously optimistic about the outlook for the U.S. stock market, as the economy continues to recover from the pandemic. However, there are still concerns about the impact of the ongoing pandemic on the economy and the potential for inflation to rise.
As a result, investors are closely watching the economic data and earnings reports, as they look for signs of strength in the economy and the potential for continued growth in the stock market.