Traders work on the floor of the New York Stock Exchange during morning trading on January 6, 2026 in New York City.
Michael M. Santiago | Getty Images News | Getty Images
Stock futures traded quietly on Sunday night as investors braced for a crucial week that will set the tone for the market early in the new year.
Dow Jones Industrial Average futures fell 40 points. S&P 500 futures and Nasdaq 100 futures both fell 0.1%.
The market is reaching new record highs. The S&P 500 and Dow 30 both closed at new record highs on Friday, capping a winning week for the major benchmarks. The S&P 500 rose more than 1% for the week, while the Dow and Nasdaq rose 2.3% and 1.9%, respectively.
Traders are gearing up for the start of earnings season, with Wall Street’s biggest banks scheduled to report results in the coming days. JP Morgan Chase, bank of america, morgan stanley and goldman sachs Both will release numbers on a quarterly basis, providing investors with new insights into the health of consumer spending, trading activity and trading revenue.
The latest inflation figures, to be released on Tuesday, are also on the calendar, gaining importance following Friday’s December jobs report. The announcement showed that although the labor market continues to cool, it remains resilient enough to keep the economy on a stable footing.
The numbers confirmed expectations that the Federal Reserve is likely to hold off on cutting interest rates for now, even as economic momentum shows signs of slowing.
“While risk-on sentiment across portfolios remains intact for now, this data effectively eliminates the possibility of a Fed rate cut in January,” said Lara Castleton, head of U.S. portfolio construction and strategy at Janus Henderson Investors.
Investors are also paying close attention to geopolitical risks. President Donald Trump is weighing options for intervention in Iran, according to multiple reports on Sunday. He also warned Cuba that no more Venezuelan oil or money would flow to the island unless Cuba’s leaders reach an agreement with Washington. And on Friday, President Trump threatened to take action against Greenland “whether we like it or not” as the U.S. moves to acquire Danish territory.
