Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Jan. 22, 2026.
Brendan McDermid | Reuters
Stock futures fell on Sunday night as traders braced for a big week, with key earnings reports and a U.S. monetary policy meeting.
Dow Jones Industrial Average futures lost 317 points, or 0.6%. S&P 500 and Nasdaq-100 futures shed 0.8% and 1.1%, respectively.
More than 90 S&P 500 companies are set to post quarterly reports this week, including Apple, Meta Platforms and Microsoft. So far, the earnings season has been strong, with 76% of the companies that have reported beating expectations, per FactSet.
To be sure, some stocks still fell despite companies topping expectations, such as Intel and Netflix.
“Based on what we’ve seen so far, the overall picture remains the same. We anticipate earnings growth accelerating to 14%, and thus we reiterate our recommendations from December: energy, basic materials, Magnificent Seven, Bitcoin, and Ethereum,” wrote Tom Lee, head of research at Fundstrat.
Traders this week will also turn their attention to the Federal Reserve. The central bank is set to announce its first policy decision of the year on Wednesday.
While the Fed is widely expected to keep its overnight rate unchanged, Wall Street will look for clues on when Fed officials will cut rates.
Wall Street is coming off a losing week, after increasing geopolitical tensions unnerved investors. Concerns eased toward the end of the week, with President Donald Trump announcing that a “framework” for a deal regarding Greenland had been reached. Still, the S&P 500 lost about 0.4% last week for its second straight weekly decline.