Market Update Report July 23, 2024   US Stock Futures Ease as Earnings Season Heats Up   US stock futures eased on Tuesday as the earnings season kicks into full swing, with major companies set to report later in the global day. Key earnings reports will include Coca-Cola, Comcast, General Motors, Spotify, and UPS before the market opens, while technology giants Alphabet and Tesla will release their results after the bell.   Monday's Market Performance: - Dow Jones Industrial Average: Rose by 0.32% - S&P 500: Gained 1.08% - Nasdaq Composite: Advanced 1.58%   Sector Performance: - S&P 500 Sectors: Nine out of the 11 sectors finished higher, led by technology, communication services, and industrials.   Notable Stock Movements: - Mega-Cap Tech Gains:  - Nvidia: +4.8%  - Tesla: +5.2%  - Microsoft: +1.3%  - AMD: +2.8%  - Meta Platforms: +2.2% - CrowdStrike: Tumbled another 13.5%, now down 34% from its all-time high reached earlier in July.   Investor Focus: Investors are closely monitoring the political landscape following President Joe Biden's announcement that he will not seek reelection, endorsing Vice President Kamala Harris as the Democratic nominee. This political shift, coupled with the incoming earnings reports, is expected to influence market movements.   Looking Ahead: The market will be keenly watching the earnings results from major corporations and technology giants, as well as any further developments in the political arena, to gauge future market directions. The U.S. stock market is playing out as projected yesterday, USTEC AND US30 both will consolidate around 19,500 pts and 40,000 pts respectively.      Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.