US Week Ahead: Four Major Tech Firms Surpass S&P 500 Financials Sector in Weight

US Stock Market Update: Futures Gain with Oil Dropping Ahead of Fed Decision and Tech Earnings

NEW YORK, July 27, 2026, 09:02 EDT — U.S. stock index futures rose in premarket trading as crude prices moved lower ahead of the market’s 09:30 EDT open.

  • Futures for the Dow rose 1.11%, while S&P 500 futures increased by 0.82% and Nasdaq 100 futures climbed 1.31%.
  • WTI dropped 5.99% and Brent slipped 6.61% as a pause in U.S.-Iran tensions weighed on prices.
  • Core capital-goods orders in June increased by 0.9%, surpassing the consensus estimate of 0.8%.

U.S. stock futures rose on Monday, as a drop in oil prices reduced short-term inflation concerns. Wall Street appeared poised for a widespread rally at the open.

The clearest indication came from the divergence between fuel consumers and suppliers. Investors were swiftly unwinding energy-shock trades from last week.

MarketIndicative levelMove
Dow Jones futures52,701.00up 1.11%
S&P 500 futures7,508.25up 0.82%
Nasdaq 100 futures28,651.50up 1.31%
WTI crude$83.96down 5.99%
Brent crude$90.38down 6.61%

The quotes from market-makers were recorded between 08:29 and 08:39 EDT.

United Airlines Holdings climbed 4%. Southwest Airlines was up 3.6%. Royal Caribbean Group increased by 2.4%, and Carnival rose 3.2%.

Occidental Petroleum dropped 4%, while shares of Exxon Mobil declined 3.1% as Brent crude prices decreased.

Based on moves reported by Reuters, the four travel stocks rose on average by 3.3%, while the two producers saw an average drop of 3.6%. This resulted in a performance gap of 6.9 percentage points.

The gap indicates that Monday’s primary trade was driven by an oil-shock reversal. It does not settle the ongoing Wall Street discussion regarding returns from artificial-intelligence investment.

Uncertainty persisted on Friday. The Nasdaq slipped 0.64%, with the Philadelphia semiconductor index tumbling 4.5%. For the week, the Nasdaq declined 2%, the S&P 500 shed 0.6%, and the Dow moved down 0.4%.

Yields confirmed the relief. The 10-year Treasury yield dropped 4.3 basis points to 4.64%. Rate futures continued to indicate a 31% probability of a hike this week.

“But we have not reached that point yet,” said Samy Chaar, chief economist at Lombard Odier. “I believe it hinges on the duration of the tensions in the Middle East.” Reuters

Latest figures continued to support expectations for growth. In June, core capital-goods orders climbed 0.9%, surpassing the forecast for a 0.8% increase. Shipments increased by 1.9%, compared to a 0.2% rise in May.

The data indicates robust equipment investment in the second quarter. For stocks, this is supportive, while lower oil prices help curb inflation forecasts.

The upcoming focus is on megacap earnings. Microsoft will release results following the close on Wednesday. Meta Platforms , Amazon.com , and Apple are also scheduled to report earnings this week.

Roughly a third of S&P 500 firms are set to release their results this week. Combined earnings are expected to increase by 26.5% compared with a year ago.

The Federal Reserve holds its meeting on Tuesday and Wednesday. The policy statement will be released Wednesday at 2:00 p.m. EDT, followed by a press conference half an hour later. GDP and June PCE figures are scheduled for release Thursday at 8:30 a.m.

Risks: The truce is still uncertain. Shipping through the Strait of Hormuz remained subdued, and attacks put another key Red Sea corridor at risk. A fresh surge in oil prices could swiftly push up both yields and futures.

At 09:02 EDT, investors looked to lower input costs rather than a confirmed earnings reset. Upcoming Fed actions and megacap earnings will challenge that view.

How strong are U.S. futures before Monday’s opening bell?

As of 8:29 a.m. ET on July 27, Dow futures stood at 52,701. They were up 577 points, or 1.11%. S&P 500 futures rose 60.75 points, or 0.82%, to 7,508.25. Nasdaq-100 futures added 369.25 points, or 1.31%, to 28,651.50. These indicative quotes may shift before the 9:30 opening. markets.businessinsider.com

What is driving today’s premarket rebound?

The immediate catalyst is the weekend pause in U.S.-Iran hostilities. That reduced fears about oil supplies and another inflation shock. Brent and WTI fell roughly 6% to 8% across morning snapshots. The S&P 500 lost 0.6% last week, while Nasdaq fell 2.1%. Monday’s move therefore begins as a relief rally, not a fresh breakout. Reuters

Which sectors and stocks are reacting most?

Airlines and cruise operators led the cheaper-fuel beneficiaries. United rose 4%, while Southwest gained 3.6% before the opening. Royal Caribbean added 2.4%, and Carnival advanced 3.2%. Applied Materials gained 4.3%, while Western Digital added 3.4%. Energy moved the other way. Occidental fell 4%, while Exxon Mobil dropped 3.1%. Near 8:30 a.m., WTI was $83.96 and Brent $90.38. Reuters

Did the latest durable-goods data support the rally?

June durable-goods orders rose 0.3% to a seasonally adjusted $334.8 billion. That followed a revised 4.0% decline during May. The gain missed a 2.1% median forecast from Dow Jones’ survey. Orders excluding transportation increased 0.6%, while those excluding defense gained 0.3%. Computers and electronic products led, rising 3.1% to $31.1 billion. Census.gov

What are yields, volatility and small caps signaling?

The ten-year Treasury yield fell 4.3 basis points to roughly 4.64%. It had touched about 4.70% last week, an eighteen-month high. At 7:18 a.m. ET, the VIX stood at 17.59, down one point. Russell 2000 futures rose 1.4%, extending the rally beyond megacap technology. That mix suggests risk appetite improved, though conditions remain fragile. Reuters

Will the Federal Reserve raise rates on Wednesday?

A rate hold remains the more likely Wednesday outcome. LSEG data Monday showed a 31% chance of a hike this week. Friday’s CME snapshot implied 35.8%, because hold odds were 64.2%. The small gap likely reflects changing oil prices and different timestamps. The decision arrives at 2:00 p.m. ET, followed by Chair Warsh at 2:30. Reuters

Which earnings could move the major indexes this week?

Roughly one-third of S&P 500 companies report results this week. LSEG expects aggregate quarterly earnings to rise 26.5% year over year. Microsoft, Meta and Qualcomm are scheduled after Wednesday’s market close. Apple and Amazon follow after Thursday’s market close. Investors will test AI spending against cash flow and debt concerns. Reuters

What economic releases matter after the Fed?

Thursday brings the advance second-quarter GDP estimate and June PCE inflation. Both reports arrive at 8:30 a.m. ET, according to BEA. Median forecasts call for 2.1% annualized GDP growth. Headline PCE is expected at 3.7% yearly, down from May’s 4.1%. Core PCE is forecast at 3.3% year over year. Friday brings the Employment Cost Index and final July consumer sentiment. Bureau of Economic Analysis

What could derail the rally before Friday?

The largest risk is another breakdown in the U.S.-Iran pause. Shipping through the Strait of Hormuz remained low Monday. Houthi attacks near another major oil route also kept traders cautious. The Nasdaq still stands 8% below its latest record. The Philadelphia Semiconductor Index recently confirmed a bear market from late June. Another oil spike could quickly lift yields and reverse futures. Reuters

Marcin Frąckiewicz is the founder and CEO of TS2 Space, a satellite communications company serving customers around the world. A graduate of the Warsaw School of Economics (SGH), he has more than two decades of experience in telecommunications, satellite services and technology ventures. He writes about satellite communications, space technology, artificial intelligence and the stock market, with a particular focus on technology companies, semiconductors, emerging industries and the trends shaping global innovation. Follow Marcin Frąckiewicz on Google News, Facebook. or Linkedin.

Stock Market Today

  • Amazon Shares Slide After $200 Billion Capex Plan, but Analysts Stay Bullish
    July 27, 2026, 11:15 AM EDT. Amazon (NASDAQ:AMZN) shares declined 4.57%, contributing to a 6.49% weekly fall following the company's $200 billion capex announcement for 2026. While this raised investor concerns, AWS posted 28% year-over-year growth with a 37.7% margin, and maintains a $364 billion backlog, not counting a $100 billion agreement with Anthropic. Past cycles indicate Amazon typically rebounds from periods of aggressive capital spending to generate robust cash flow and profits. The average analyst price target remains $313.13, with 62 buy ratings reflecting confidence in Amazon's cloud, retail, and custom chip businesses.
MARA Holdings (NASDAQ:MARA) gains outstrip bitcoin as power assets drive new valuation
Previous Story

MARA Holdings (NASDAQ:MARA) Shares Climb Ahead of Premarket with 4.8-GW Power Pipeline in Spotlight, Outperforming Bitcoin

Wall Street Jumps After U.S.-Iran Slowdown Drives 6% Oil Fall; Travel Shares Gain
Next Story

Wall Street Jumps After U.S.-Iran Slowdown Drives 6% Oil Fall; Travel Shares Gain