Traders work at the New York Stock Exchange on May 7, 2026.
NYSE
Stock futures were little changed on Monday night following a winning session on Wall Street, with traders looking ahead to a slew of corporate earnings while the Federal Reserve gets set to begin its two-day policy meeting.
Dow Jones Industrial Average futures slipped 8 points, or less than 0.1%, while S&P 500 futures were marginally lower. Nasdaq-100 futures added 0.1%.
In Asia, Japan’s Nikkei 225 rose 1.7% while the Topix gained 0.4%. South Korea’s Kospi advanced 3.8% and the tech-focused, small-cap Kosdaq gained 2.9%. Australia’s benchmark S&P/ASX 200 was 0.32% lower.
Wall Street kicked off the week on a solid note. The Dow climbed 146.42 points, or 0.3%. The S&P 500 gained 0.7%, while the Nasdaq Composite advanced 0.8% as tech shares outperformed. The artificial intelligence trade got a boost after Anthropic filed to go public at the Nasdaq. This would mark another major tech IPO for 2026, following SpaceX’s blockbuster listing in June.
Tesla shares advanced more than 5%, while Nvidia climbed 2%. Microsoft and Amazon also rose on the day.
Those gains come as the artificial intelligence trade has faced pressure from investors worried companies in the space are borrowing too much cash to fund their AI build-outs.
On Tuesday, traders will pore through a deluge of third-quarter earnings reports. Coca-Cola, Robinhood and Boeing are among the companies set to post results. Tech giants Microsoft, Alphabet and Amazon are due out later in the week.
The Fed is also set to kick off its latest monetary policy meeting. While the central bank is expected to keep rates unchanged, traders will look for clues on whether another rate hike will take place before year-end.
“If, as expected, there is no change in rates, it will still be interesting to see what the vote is after the swings in the last two meetings,” wrote Thomas Block, Washington policy strategist at Fundstrat. “While the Fed views itself above partisan politics, it would be unlikely that the Fed would move rates a week before a national election.”
On the economic front, traders will be watching for durable orders, consumer confidence data and the new home sales report.
Korea Exchange activates Kospi sidecar as stocks advance
The Korea Exchange activated a buy-side sidecar on the Kospi, temporarily halting program trading, as South Korean stocks surged.
A buy-side sidecar is triggered when the Kospi 200 futures index rises 5% or more for at least one minute, stopping trading for 5 minutes.
—Justina Lee
Asia tech stocks track U.S. peers on optimism over Anthropic IPO filing
Asian technology companies rose Tuesday, tracking U.S. tech stocks driven by optimism surrounding the Anthropic IPO filing.
In Japan, SoftBank Group advanced 7.6%, while chip equipment maker Tokyo Electron added 3.86%. Advantest surged 8.8%, and Japanese memory chipmaker Kioxia gained 2.5%.
In South Korea, SK Hynix rose 7.1%, while Samsung Electronics was 5.2% higher.
Tech stocks in Asia have been seeing heightened volatility in recent sessions, with South Korea’s semiconductor-heavy market whipsawing between steep losses and record gains.
—Justina Lee
SK Hynix shares gain as company reportedly planning $12 billion in dividends
SK Hynix’s Korean-listed shares advanced 6.5% in early morning trade, with a local newspaper reporting that the company was planning $12 billion in dividends following gains from its stake sale in Japanese firm Kioxia.
South Korean media outlet Dong-A Ilbo said on Monday that SK Hynix was considering a special dividend of about 16 trillion won.
Investors will be watching out for SK Hynix’s quarterly results on Wednesday, where the South Korean chipmaker will announce shareholder returns.
—Justina Lee
Japan’s Nikkei 225 gains 1.7%, South Korea’s Kospi rises 3.8%
Asia-Pacific markets traded broadly higher early Tuesday.
Japan’s Nikkei 225 rose 1.7% while the Topix gained 0.4%. South Korea’s Kospi advanced 3.8% and the tech-focused Kosdaq gained 2.9%.
Australia’s benchmark S&P/ASX 200 was 0.32% lower.
—Justina Lee
Asia-Pacific markets set to open higher, tracking Wall Street gains
Asia-Pacific markets were set to open broadly higher on Tuesday, tracking U.S. stocks that kicked off the week on a solid note with optimism around the Anthropic IPO filing lifting the tech sector.
Futures for Japan’s Nikkei 225 in Chicago were at 63,060 and their Osaka counterpart last traded at 62,890, compared with the index’s previous close of 62,189.65.
Hong Kong’s Hang Seng index futures were at 23,233, compared with the index’s last close of 23,211.81.
Australia’s S&P/ASX 200 opened 0.17% lower.
Tensions continue to simmer between the U.S. and Iran. U.S. forces in the Middle East are prepared to start operations against Tehran within 96 hours of an order from Trump, CNN reported.
—Justina Lee
JetBlue, Whirlpool among the stocks making big moves after hours
Whirlpool — The home appliance maker dropped almost 9% after slashing its full-year revenue guidance to $14.5 billion from $15 billion. Revenue in the third quarter also fell short of estimates, coming in at $3.68 billion versus the $3.92 billion LSEG consensus estimate. The company also lost an adjusted 21 cents per share, while analysts expected a profit of 80 cents per share.
JetBlue Airways – The air carrier surged 7% after the company said that it expects further margin expansion in the fourth quarter even as fuel prices are anticipated to be 85% higher than a year earlier. JetBlue reported an adjusted loss of 60 cents a share in the third quarter, compared to the 55-cent loss analysts polled by LSEG had sought. Revenue narrowly missed expectations, as well.
Read more here.
— Darla Mercado, Fred Imbert