At 7:45 a.m. ET, S&P 500 Index futures hovered near flat as traders braced for a packed earnings day. Alphabet, Microsoft, Amazon and Meta Platforms are slated to report after the market closes, setting the tone for tech‑heavy market moves. Investors keep an eye on Fed minutes that could add market sensitivity.

Pre‑market activity highlighted stocks with swings. Shares of Alphabet jumped roughly 2% on speculation its cloud margin improved, and the rally ties to optimism over AI licensing. Meta Platforms slipped 1.5% after analysts flagged slower ad spend, echoing broader ad‑budget worries. Smaller caps such as BTV+ and Gift saw volume. Investors watch these moves as indicators of momentum heading into the earnings week.

Investors will gauge whether earnings beats or misses push the broader index off its flat start. A strong showing from Alphabet or Amazon could lift the Nasdaq, while a weak Meta report might drag the S&P lower. Morning indices will likely still hover near breakeven today until the first earnings release confirms direction.