FX.co ★ US Futures Rise as November Trading Begins

US stock futures inched higher on Monday as investors prepared for a busy week of corporate earnings, key economic data, and the US midterm elections. Dow futures rose 0.3%, while S&P 500 and Nasdaq 100 futures each added about 0.4%.

Traders are awaiting results from major companies including Apple, Palantir, AMD, Pfizer, and McDonald’s, among others. On the macroeconomic front, the closely watched US jobs report is due this week, alongside ISM manufacturing and services surveys. Comments from several Federal Reserve officials are also on the calendar and may offer additional clues about the central bank’s policy outlook.

Last week, major US equity benchmarks finished lower, with the tech-heavy Nasdaq Composite dropping 2%, and the Dow and S&P 500 slipping 0.85% and 0.57%, respectively. Selling intensified toward the end of the week as weaker-than-expected tech earnings deepened worries about the sustainability of the AI-driven rally.