US stock futures rose at the start of November, with S&P 500 futures up 0.4%, Nasdaq 100 futures gaining 0.8% and Dow Jones futures advancing nearly 210 points, as technology stocks rebounded from Friday’s sell-off in AI-linked names.
Investors are bracing for a busy week featuring the US midterm elections, key labour market data and a new round of corporate earnings. Sentiment was further supported by a pullback in oil prices.
Technology stocks led premarket advances: Nvidia climbed 1.2%, Micron Technology added 2.1%, SanDisk rose 2.5% and Western Digital gained 2.3%. Marvell Technology edged up 0.2% after announcing an agreement to acquire Lumentum Holdings Inc. in a transaction that values Lumentum at an enterprise value of $115 billion. Elsewhere, Palantir gained 1.6%, while Apple shares were little changed ahead of the company’s earnings release later in the day.