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Stock futures rise ahead of busy earnings day

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As traders prepare for one of the most hectic weeks in corporate earnings season, stock futures rose Monday evening.

Futures tied to the Dow Jones Industrial Average added 87 points, or 0.3%, while those for the S&P 500 climbed 0.3%. Futures on Nasdaq 100 gained 0.4%

After a successful trade, the futures move is made. slightly down day for stocks. The Dow and Nasdaq Composite each dipped 0.1%, while the S&P 500 inched lower by 0.02%.

As the earnings season heats-up, major indexes are seeing a decline. Before the bell on Tuesday, Johnson & Johnson and insurance giant Travelers will report their latest results. Others notable reports include Lockheed Martin’s Hasbro and Citizens Financial, as well numerous mid-sized financial institutions such as Citizens Financial.

Investors are keen to see how major companies are doing in terms of supply chain performance and consumer demand, as inflation is a hot topic. Although expectations for Fed increases have increased sharply over the past months, the central bank stated that it would be dependent on data to decide how much it will raise rates in the coming year.

Can the Fed raise rates to solve the labor shortages that we face with semiconductors and wheat? Most likely not. Maybe they will act less aggressively than others think,” Adam Parker from Trivariate Research said.Closing Bell: Overtime.”

High volatility and concern over the Fed’s future steps has caused high bond market volatility, which seems to have had a negative impact on stock prices in recent weeks. On Monday, the yield on the 10-year Treasury note hit its highest in three year. CNBC’s Steve Liesman interviewed James Bullard of St. Louis Fed, who said Monday that “quite some” has been priced into Fed actions.

Investors will also get an update on the housing market Tuesday with building permits and housing starts for March.

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