Stock market today: Dow, S&P 500 and Nasdaq futures recover from sharp sell-off ahead of busy week
U.S. stock futures rose in premarket trading Monday as investors regained their appetite for risk ahead of another busy week of earnings, midterm elections and a key jobs report.
Dow Jones Industrial Average Futures (YM=F) rose 0.4%, while those of the S&P 500 (ES=F) added 0.4%. Contracts for the Nasdaq-100 (NQ=F) jumped 0.8% after the index briefly entered a correction.
Markets were poised to rebound following an AI-fueled selloff late last week that saw the Nasdaq Composite lose 5.2% during the month of October. Chipmakers and other tech names rebounded before the market opened, although shares of Apple (AAPL) fell slightly heading into the iPhone maker’s earnings report after the bell on Monday.
Bitcoin (BTC-USD) rose slightly to trade near $78,000 per token after cryptocurrencies took a hit following a $6.3 billion Binance hack, which investigators are calling the largest crypto hack in history.
At the same time, crude oil prices fell amid reports that the United States and Iran were seeking a diplomatic solution to the war in the Middle East. Brent crude futures (BZ=F), the international benchmark, are trading at nearly $109 per barrel.
On the economic data side, investors will obtain information on American manufacturing activity and the prices paid. The calendar for the rest of the week will feature several labor market data, culminating with the government’s October jobs report released Friday.
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