IXIC: Nasdaq Composite Futures Fall Ahead of Busy Week of Big Earnings and Key Data

Tech titans are due for updates this week and the market’s mood has brightened up. Can the upside momentum continue? Also, some big economic news is ready to drop.

📉 Nasdaq Futures Decline 1%

• Nasdaq Composite IXIC futures were falling by as much as 1% in pre-market Monday, setting the tone for a jam-packed week filled with heavyweight earnings and major economic data. But momentum might still be fresh from last week’s across-the-board rally and all eyes are now on whether Big Tech and fresh macro signals can keep the upside swing alive.
• The real action kicks off midweek when Meta META and Microsoft MSFT report quarterly results on Wednesday, followed by Amazon AMZN and Apple AAPL on Thursday. These tech juggernauts carry outsized influence, not just on the Nasdaq but across the broader market — expect a volatility uptick.
• For the past quarter, investors are hoping for strong numbers, particularly in AI, cloud growth, and consumer demand. But the week isn’t reserved only for Corporate America’s profits.

📊 Economic Data Storm Ready to Hit

• The economic calendar is brimming with major catalysts too. US GDP figures will offer a glimpse at how the world’s biggest economy fared in the first quarter of 2025. The Personal Consumption Expenditures (PCE) index — the Fed’s go-to inflation gauge — will provide fresh clues for interest rate expectations. And to cap it off, Friday’s April jobs report will drop a critical update on labor market resilience.
• To this, Wall Street is eyeballing the fairly underwhelming figure of 129,000 jobs created — a slower pace than the 228,000 roles added in March. But April is the month of confusing back-and-forth tariff talks — the uncertainty might’ve kept a lid on hiring efforts.

📢 Putting Things into Perspective

• The broader picture: stocks are in a good place — relatively — right now. The tech-heavy Nasdaq Composite added 1.3% on Friday, signing off on a big weekly win with a gain of 8.3%. Earnings reports by Tesla TSLA — a wide miss, but with a promise of a new set of wheels — and Google parent Alphabet GOOGL — a confident alpha beat — helped keep tech shares well bid.
• A look at the economy: a softening tariff rhetoric from the Trump administration lifted some of the pressure last week as markets cheered the news that the White House has been speaking with Chinese officials about a potential loosening of the strained trade relationships.