A man wearing a mask walks by the New York Stock Exchange on March 17, 2020 at Wall Street in New York City.U.S.
stock futures rose on Sunday night as investors braced for a big week of corporate earnings and lawmakers continued coronavirus stimulus negotiations.
McDonald's, Pfizer, Alphabet, Apple and AMD are among the companies slated to release their latest quarterly figures this week. "Stock prices have soared even as analysts' consensus expected earnings estimates have plunged," said Ed Yardeni, chief investment strategist at Yardeni Research. "These estimates have started to show signs of bottoming in the past few weeks. However, any recovery could be dampened or even aborted if the COVID-19 case count continues to mount and state governors slow or reverse the lifting of lockdown restrictions.
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