Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Jan. 22, 2026.<\/p>\n
Brendan McDermid | Reuters<\/p>\n
Stock futures were relatively unchanged on Monday as traders monitored political developments and braced for a big week of key earnings reports as well as a U.S. monetary policy meeting.<\/p>\n
S&P 500 futures<\/a> rose 0.1%, while Nasdaq-100 futures<\/a> shed 0.1%. Dow Jones Industrial Average futures<\/a> gained 45 points, or 0.1%.<\/p>\n President Donald Trump over the weekend threatened to slap a 100% tariff<\/a> on goods coming into the U.S. from Canada if the country makes a trade deal with China. Canadian Prime Minister Mark Carney said in response that Ottawa has “no intention<\/a>” of pursuing a free trade deal with Beijing.<\/p>\n “The situation remains very fluid. No one seems particularly worried about Trump’s 100% Canadian tariff threat coming to fruition (especially since Canadian officials, including Carney, insist the country isn’t negotiating a free trade deal with China), but the constant wielding of import taxes as a cudgel to pressure allies is still slowly eroding sentiment,” said Adam Crisafulli of Vital Knowledge.<\/p>\n Investors were also keeping an eye on Washington, as growing outrage over federal immigration agents fatally shooting<\/a> a U.S. citizen in Minnesota for the second time this month generated concerns of a potential U.S. government shutdown. Several Democratic senators said they would not approve a $1.2 trillion funding package if it includes an allotment for Homeland Security. One person familiar with Senate GOP leadership said funding for DHS would not be removed, however.<\/p>\n Gold prices rallied on Monday as investors sought safety amid the rising political and fiscal risks, with the metal reaching a new all-time high<\/a> and surpassing $5,100 per ounce.<\/p>\n Those on Wall Street will be turning their attention this week to earnings as well, with more than 90 S&P 500 companies being set to post quarterly reports, including Apple<\/a>, Meta Platforms<\/a> and Microsoft<\/a>. So far, the earnings season has been strong, with 76% of the companies that have reported beating expectations, per FactSet.<\/p>\n To be sure, some stocks still fell despite companies topping expectations, such as Intel<\/a> and Netflix<\/a>. <\/p>\n