Dow futures lackluster after scorching rally; Big Tech earnings in focus
(Reuters) -The S&P 500 and the Nasdaq were set for a slightly higher open on Tuesday after multiple companies forecast upbeat annual profits, while investors also awaited quarterly earnings reports from megacap technology companies. The tech-heavy Nasdaq Composite index has rallied 34.3% this year, helped by outsized gains in rate-sensitive megacap growth companies on optimism over artificial intelligence and hopes of an end to the U.S. Federal Reserve's tightening cycle. With the central bank on track for another 25-basis point interest rate hike on Wednesday, policymakers face a ...