Stock Market Update

Equity futures are modestly higher this morning following a wave of earnings reports that features a mix of blue-chip stocks and household tech names. 

Futures were at a similar level yesterday before the open, but a sobering ISM Services PMI led to modest but broad-based losses that kept the major averages in negative territory.

There was little in the way of additional headlines to reverse or accentuate early losses following the data, with today's action shaping up similarly so far and lacking yesterday's economic data component. 

That isn't to say there are no macro factors in play, as the market continues to navigate tariff uncertainty, rising rate cut expectations, and concerns of economic slowdown.