How are stock-index futures trading:
Dow Jones Industrial Average futures increased 219 points, or 0.52%, to 42,539
S&P 500 futures increased 31.75 points, or 0.54%, to 5,877.75
Nasdaq 100 futures increased 136.50 points, or 0.67%, to 20,634.25
On Friday, the Dow Jones Industrial Average fell 260 points, or 0.61%, to 42,114, the S&P 500 declined 2 points, or 0.03%, to 5,808, while the Nasdaq Composite gained 103 points, or 0.56%, to 18,519.
Stock futures rallied on Monday morning as oil prices slipped in response to Israel’s relatively limited response to Iran’s strikes on Oct. 1. Israel’s strikes on Iranian “military targets” killed four Iranian soldiers while avoiding the Islamic Republic’s oil and nuclear facilities. Brent crude prices fell 4%.
Israel’s limited strikes helped push up stock futures following last week’s mini scare that saw the S&P 500 end the week lower for the first time in six weeks, as investors priced out some of the geopolitical risk that markets were factoring in.
Investors will now be bracing themselves for a flurry of financial results in which 40% of the S&P 500 by market capitalization is set to publish third-quarter statements, including five of the Magnificent Seven tech companies – Alphabet, Microsoft, Meta, Apple, and Amazon.com.
Betting markets are giving former President Donald Trump a 61% likelihood he’ll defeat Vice President Kamala Harris next week, according to a RealClearPolitics average.
The dollar rose against the Japanese yen after Japan’s ruling Liberal Democratic Party also lost its majority in the country’s lower house for the first time since 2009.
In terms of data, investors will now be readying themselves for a barrage of new information, including Q3 gross domestic product data on Wednesday, personal consumption expenditures data on Thursday, and U.S. jobs data on Friday.