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Investors are keeping close tabs on earnings reports from major companies this week.
Stock futures are little changed this morning after major indexes moved sharply higher to start the week; the U.S. government shutdown entered its 21st day as a top White House adviser predicted an end to the budget impasse this week; Apple (AAPL) shares remain in focus after hitting a record high on news of strong sales of its iPhone 17; General Motors (GM) shares are surging after the automaker reported better-than-expected earnings and raised its full-year outlook; Netflix (NFLX) is expected to report strong results after the closing bell as it continues to grow advertising revenue. Here’s what you need to know today.
Stock futures are treading water this morning after major indexes jumped to start the week as shares of Apple and other tech firms paced gains. Futures tied to the Dow Jones Industrial Average, the S&P 500 and the tech-heavy Nasdaq, each of which gained more than 1% yesterday, were fractionally higher in recent trading. Gold futures were down down 2% at $4,275 an ounce, as the precious metal pulled back from record highs amid the stock market rally. Bitcoin (BTCUSD) was at $108,500, down from a high yesterday of around $111,700. The yield on the 10-year Treasury note, which can affect borrowing costs for an array consumer loans, continued to trade near six-month lows at around 3.98%.
The U.S. government shutdown entered its 21st day on Tuesday amid hopes that the budget dispute could be resolved this week. White House economic advisor Kevin Hassett told CNBC on Monday that the shutdown was “likely to end sometime this week.” Hassett said that White House was prepared to take stronger action to force an end to the shutdown if no deal is reached this week. Meanwhile, the government work stoppage continues to affect the release of several economic reports from statistical agencies, with data on weekly jobless claims, retail sales and housing starts delayed due to the shutdown. Market watchers are expected to get inflation data on Friday.
Shares of Apple (AAPL) were modestly lower in premarket trading after closing at a record high Monday following a report showing strong sales of the iPhone 17. Apple shares gained nearly 4% yesterday, hitting a new high for the first time in 2025 and lifting the company’s market capitalization to nearly $4 trillion. A report from tech product research firm Counterpoint Research showed that iPhone 17 sales in the U.S. and China during the first 10 days of availability were 14% higher than iPhone 16 sales over the like period. Apple shares were down 0.2% ahead of the opening bell.
