US EditionWall Street Futures March Higher as Deal Making Takes Spotlight From Corporate Earnings
The S&P 500 rose 1.85% and Nasdaq gained 4.33% in October as investor optimism grew despite delayed economic data amid a prolonged U.S. government shutdown.
- On Monday, the S&P 500 added 1.85% in October and the Nasdaq jumped 4.33% even as the U.S. government shutdown continued for over a month.
- Monday's lack of economic data left earnings and overseas moves to drive prices as the government shutdown delayed initial jobless claims and construction spending reports.
- Futures gained before the bell, with S&P 500 futures up 0.3% and Nasdaq futures up 0.6%, while SPY and QQQ showed early strength and European and Asian benchmarks climbed.
- Kimberly-Clark plunged after unveiling a major acquisition, sliding more than 15% on a roughly $48.7 billion Kenvue deal, while Microsoft entered an approximately $9.7 billion cloud contract with IREN, and Spirit AeroSystems fell after a $4.87 per share loss.
- CME Group's FedWatch tool shows a 69.3% chance of a Federal Reserve rate cut at the December meeting, while investors will monitor earnings from Spotify, Uber, McDonald's and DoorDash this week.
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Stock Market Today: S&P 500, Dow Jones Futures Rise After Stellar October Gains— Micron Tech, Palantir, Hims & Hers In Focus - SPDR S&P 500 (ARCA:SPY)
U.S. stock futures advanced on Monday after Friday’s positive moves. Futures of major benchmark indices were higher. Even as the government shutdown continued for over a month, the stocks gained in October; the S&P 500 added 1.85%, the Dow surged 1.72%, and the Nasdaq jumped 4.33%. Meanwhile, President Donald Trump defended his economic record, pointing to a surging stock market as a rebuttal to concerns like higher inflation and high grocery pr…
Wall Street futures march higher as deal making takes spotlight from corporate earnings
U.S. futures followed global markets higher ahead of another big week of corporate earnings reports but an absence of economic data as the U.S. government shutdown entered its second month.
Stock indices on the New York Stock Exchanges are mixed in early trading today. The Dow Jones Industrial Average is in the red, while the Nasdaq is gaining on investor interest in artificial intelligence.
Throughout more than a century of history, the Dow Jones Industrial Average index has witnessed moments of euphoria and panic, but also of days when optimism burst with such a force that it changed the direction of the market. We analyze the five biggest rises in its history, understanding what caused them, what they meant and what teachings they offer today in a context of global volatility and geopolitical tensions.
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