S&P 500 Set to Open Up as Market Awaits Key Earnings
Stock futures were climbing Monday as investors geared up for another batch of quarterly earnings, with data analytics software developer Palantir and chip maker Advanced Micro Devices among the listed companies set to report this week.
Futures tracking the Dow Jones Industrial Average were up 67 points, or 0.1%. S&P 500 futures added 0.4%, and contracts tied to the tech-heavy Nasdaq 100 gained 0.5%.
The three major indexes all rose on Friday to clinch their best October monthly performances for a few years. Wall Street has stayed bullish thanks to a cooldown in trade tensions between China and the U.S. and solid results from Big Tech companies including Google owner Alphabet and online retailer Amazon.
Those positive headlines have helped investors to overlook the ongoing government shutdown, which is on the brink of becoming the longest ever. With most economic data releases suspended, ADP private payroll data on Wednesday will receive “outsize attention,” Deutsche Bank macro strategist Jim Reid said.
Earnings will be another focus. Palantir and AMD have been two stock-market winners in 2025, and their results will help give the market a sense of how long the artificial-intelligence rally can carry on rolling.
“Tech remains in focus with Palantir and AMD set to report this week, both riding strong year-to-date gains and investor optimism around AI and chip demand,” Hargreaves Lansdown analyst Matt Britzman said. “With trade tensions easing and big names driving the narrative, Wall Street looks ready to reward the positive narratives.”
The yield on the 10-year Treasury note climbed 1 basis point to 4.09% on Monday. The dollar was flat against a weighted basket of its peers, and gold climbed 0.7% to $4,025 an ounce. West Texas Intermediate U.S. oil prices ticked up 0.2% after the OPEC+ cartel said it would boost crude production next month, then pause its output hikes.