Dow Jones Futures Set to Open Sunday as Berkshire Hathaway Earnings Headline a Big Week
Key Takeaways
- •Berkshire Hathaway posted a 16% earnings increase, beating expectations and ending a 14-quarter streak of selling equities that had lasted over three years.
- •The S&P 500, Dow Jones, and Nasdaq have rebounded as diminishing expectations for Federal Reserve rate hikes provided a tailwind for growth and technology stocks.
- •The coming week features significant earnings reports from Cisco Systems, Lumentum, Applied Materials, and data center operators CoreWeave and Nebius amid the AI infrastructure buildout.
- •Nebius shares advanced after Nvidia disclosed a stake in the company, highlighting Nvidia's expanding role as a strategic investor across the AI compute ecosystem.
- •An upcoming jobs report remains a critical data point for investors, as labor market conditions directly influence the Federal Reserve's rate policy decisions.
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Geopolitical developments involving Iran are expected to be a key focus for traders, adding a layer of uncertainty to a week already packed with corporate earnings and macroeconomic data.
Warren Buffett's Berkshire Hathaway (BRK) reported earnings on Saturday. The conglomerate's earnings rose 16%, beating expectations and ending a 14-quarter streak of selling equities. That selling streak had spanned more than three years, during which Berkshire accumulated a record cash position that drew widespread market attention as a barometer of Buffett's caution toward elevated valuations. According to Investor's Business Daily, the stock is in a buy zone as investors move past what the publication described as a "post-Buffett hangover." Read more: Berkshire Hathaway Beats Earnings Views, Ends 14 Quarters Of Selling Equities.
A stock market rally has reasserted itself, with both the S&P 500 and Dow Jones rebounding in recent sessions. The Nasdaq also posted strong gains as expectations for Federal Reserve rate hikes diminished. The shift in rate expectations has been a particular tailwind for growth and technology names, which tend to be more sensitive to borrowing costs. Read more: Stock Market Today: Nasdaq Leaps As Fed Rate-Hike Odds Sink.
The coming week features a heavy slate of corporate earnings. Notable names on tap include Cisco Systems (CSCO), Lumentum (LITE), and Applied Materials (AMAT). Data center–related companies CoreWeave and Nebius are also scheduled to report, drawing attention amid the artificial intelligence infrastructure buildout. These reports arrive as major technology companies have committed substantial capital to AI capacity expansion, making quarterly results from data center operators and component suppliers a closely watched gauge of whether that investment is translating into revenue growth. Read more: CoreWeave Stock, Nebius Highlight Data Center Earnings; Tech Stars Lumentum, AMAT Also Due.
In recent market action, Cloudflare (NET) led a rally in software stocks. An upcoming jobs report remains a key data point for investors, as labor market strength factors directly into the Federal Reserve's policy decisions and therefore into the rate-cut timeline that has driven equity sentiment. Read more: Dow Jones Futures Rise As Cloudflare Leads Big Software Winners; Jobs Report On Tap.
Prior sessions saw stocks pressured as oil prices and Treasury yields surged. The Federal Reserve held interest rates unchanged, a decision some traders described as leaving them "warshed out." One sector entered bear territory during the sell-off. Read more: Stocks Slammed, Traders 'Warshed Out' By No Change In Rates; This Sector Is In Bear Territory.
Nebius (NBIS) advanced following disclosure of a stake by Nvidia (NVDA), even as AI cloud computing stocks broadly pulled back. Nvidia's position as a stakeholder underscores the chipmaker's expanding role not just as a hardware supplier but as a strategic investor across the AI compute ecosystem. Read more: Nebius Advances On Nvidia Stake Disclosure Amid AI Cloud Swoon.
Additional related coverage includes AI Crossroads: Massive Earnings Moves Ahead? and Stocks Slammed As Oil, Yields Surge Again; Applied Materials, Viking, United Rentals In Focus.
