U.S. futures are pointing to a modestly higher open, supported by positive sentiment from overseas markets amid a quiet day for economic data. Oil prices remain elevated near $96 per barrel due to ongoing geopolitical tensions.
Stocks to Watch
- Taiwan Semiconductor Manufacturing Company: Reported a 58% profit jump for Q1, driving a pre-market rally in semiconductor stocks.
- Morgan Stanley: Gained 4.5% yesterday after strong Q1 earnings, with significant revenue growth in its equity and fixed income divisions.
- PepsiCo, Inc.: Scheduled to report Q1 earnings today, offering insights into consumer spending and inflation trends.
- Netflix, Inc.: Set to release Q1 earnings today, with investors focused on subscriber growth and content strategy.
Looking ahead, today's key earnings reports will be the primary focus for investors and will likely influence market direction.