S&P futures declined on Monday as traders prepared for a significant week, characterized by important earnings reports and a U.S. monetary policy meeting. Futures for the Dow Jones Industrial Average declined by 36 points, representing a decrease of 0.1%. S&P 500 and Nasdaq-100 futures declined by 0.1% and 0.3%, respectively. This week, over 90 companies within the S&P 500 are scheduled to release their quarterly earnings reports, featuring prominent firms such as Apple, Meta Platforms, and Microsoft. The earnings season has demonstrated robust performance, with 76% of the companies that have reported surpassing expectations, according to a source.

Indeed, certain stocks experienced declines even as companies like Intel and Netflix exceeded expectations. “Based on the evidence presented thus far, the overarching narrative remains unchanged. 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.

This week, market participants will shift their focus to the Federal Reserve. The central bank is poised to unveil its inaugural policy decision of the year on Wednesday. While the Federal Reserve is largely anticipated to maintain its overnight rate at current levels, market participants will be attentive to indications regarding the timing of potential rate cuts by Fed officials.

Market concludes a week marked by losses, as rising geopolitical tensions have unsettled investors. As the week progressed, apprehensions diminished following President Donald Trump’s declaration of a “framework” for an agreement concerning Greenland. Nonetheless, the S&P 500 experienced a decline of approximately 0.4% last week, marking its second consecutive weekly decrease.