Morning Briefing: Big stock-market rotation is underway, with Tech on top

Stock futures were mixed in early morning trading on Monday as earnings season kicks off on Wall Street this week.

Futures on the Dow Jones Industrial Average fell 177 points. S&P 500 futures and Nasdaq 100 futures both traded around the flatline.

Inflation pressures, both recorded and anticipated, take center stage in the coming week's economic calendar.

Observers will be watching to see whether companies trounce Wall Street's expectations and, with stock valuations sitting above long-term norms, seeking clues on what the future holds for company profits.

A body of academic research shows the U.S. economy has become less competitive as power swells in large firms, but not everyone agrees.

China's economic growth likely slowed to about 8.0% in the second quarter from a year earlier, said Wang Yiming, a member of the People's Bank of China's monetary policy committee, in an interview with state media.

The president's sweeping new executive order to spur competition targets big tech companies in ways that could fundamentally alter how they do business.

A Friday rally in the Dow put the index in positive territory for the week along with the S&P and Nasdaq.

Senators return to Washington this week with trillions of dollars of spending proposals on the line.

Americans should brace themselves for several years of higher inflation than they've seen in decades, according to economists who expect the robust post-pandemic economic recovery to fuel brisk price increases for a while.

The Biden administration negotiated a global tax agreement with 130 countries. Getting it through Congress will be tricky.

After languishing for months, the group has staged a resurgence with several tech behemoths hitting records in recent sessions.