FX.co ★ US Futures Rise Ahead of Key Data, Earnings

US stock futures rose on Monday as investors prepared for a slew of economic data releases, which were previously delayed due to the government shutdown, alongside earnings reports from major companies this week. Futures for the S&P 500 and Nasdaq 100 increased by 0.2% and 0.4%, respectively, while Dow futures remained steady. Among the key economic reports anticipated this week is the September jobs report, though markets are still waiting on an updated schedule. On the corporate earnings front, Nvidia, the prominent AI chipmaker, is set to report its earnings on Wednesday, along with other notable S&P 500 companies such as Home Depot, Target, Walmart, Palo Alto Networks, and Intuit. Last week, the major stock indices rose initially but later declined due to persisting concerns over high AI valuations and uncertainty surrounding the Federal Reserve's interest rate policy. Currently, there is less than a 50% probability being priced in by markets for the Fed to implement a 25 basis point rate cut next month, a significant decrease from nearly 90% a month ago.