U.S. stock futures changed overnight, coming off a positive week for the major averages, as traders brace for the busiest week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve. There are still more earnings to come this week as the market prepared for the results. Dow Jones Industrial Average futures slid 45 points, or 0.14%. S&P 500 futures dipped 0.11% and Nasdaq 100 futures dipped 0.01%, respectively. On Friday, the major averages fell on the back of weaker-than-expected earnings from Snapchat ($SNAP) that sent tech shares tumbling. The Dow lost 137.61 points, or 0.43%. The S&P 500 declined 0.93% to 3,961.63, while the Nasdaq Composite traded 1.87% lower at 11,834.11. The World Health Organization has activated its highest alert level for the growing monkeypox outbreak, declaring the virus a public health emergency of international concern. The rare designation means the WHO now views the outbreak as a significant enough threat to global health that a coordinated international response is needed to prevent the virus from spreading further and potentially escalating into a pandemic. Convenience store chain 7-Eleven has cut roughly 880 corporate jobs in the United States. This is a trend that we are starting to see in the market as more companies begin to restructure and cut costs to prepare for a rough economic future ahead.
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