Stock futures climbed on Sunday evening, signaling a potential rebound as Wall Street looks to recover from a tough week of losses.
The Dow Jones Industrial Average futures rose by 125 points, or 0.3%. Meanwhile, S&P 500 futures gained more than 0.3%, and Nasdaq 100 futures advanced by 0.4%.
This follows a challenging end to the week, with the Dow closing down 2.51%, marking its worst weekly performance since October. The S&P 500 and Nasdaq Composite both fell 1.66% and 2.51%, respectively, during the week.
Looking ahead, the week promises key data points and earnings reports that could influence market sentiment. Reports from Home Depot and Lowe’s, due on Tuesday and Wednesday, will offer insights into consumer behavior. Nvidia’s earnings report on Wednesday is especially anticipated, as it could provide clues about the future of AI and the chipmaker’s role in that space. This will be Nvidia’s first report since the launch of China’s DeepSeek large language model, which has raised concerns about the AI sector’s long-term profitability.
As global market analyst Lale Akoner from eToro pointed out, investors will be watching Nvidia closely to gauge whether DeepSeek could disrupt AI companies’ margins.
The week will close with the release of the January personal consumption expenditures (PCE) index, a key inflation gauge closely monitored by the Federal Reserve.
Despite the recent losses, all major indexes remain within 4% of their record highs, suggesting that investors remain optimistic about long-term prospects.
Berkshire Hathaway Reports Strong Earnings and Growing Cash Reserves
Berkshire Hathaway, led by Warren Buffett, announced a significant boost in fourth-quarter operating earnings on Saturday. Operating profits surged by 71% year-over-year to $14.527 billion, driven by strong performance in its insurance sector.
Berkshire’s cash reserves also increased, rising to $334.2 billion, up from $325.2 billion at the end of the third quarter. In his annual letter to shareholders, Buffett emphasized that while Berkshire’s cash position remains substantial, the majority of the company’s capital is still invested in equities, a strategy he intends to maintain moving forward.
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