Wall Street Braces for Policy Shifts Amid Trump Uncertainty

U.S. stock index futures gained slightly as investors await economic data and anticipate policy changes under Trump's administration. Technology stocks suffered, while uncertainty looms over potential Trump policies. Upcoming data and corporate earnings are expected to challenge Wall Street's trend. Trading remains cautious post-New Year holiday.

On Friday, U.S. stock index futures showed modest gains as investors anticipated vital economic data and speculated on potential policy shifts under the Trump administration. Market analysts indicate that the uncertainty surrounding upcoming Trump policies, with the Republicans controlling Congress, is weighing heavily on investor sentiment.

The start of the year has not been kind to Wall Street, with the S&P 500 and Nasdaq experiencing consecutive declines. Technology stocks, which had previously led market rallies, took the hardest hit. Despite this, there is a cautious optimism about the market's resilience, backed by strong corporate fundamentals.

Investors are particularly keen on upcoming earnings reports and key economic indicators, such as the ISM's manufacturing report and employment figures. Meanwhile, anticipated commentary from economic policymakers like Richmond Fed President Thomas Barkin could offer insights into the year's economic trajectory.

(With inputs from agencies.)