Traders work on the floor of the New York Stock Exchange (NYSE) in New York, United States, October 30, 2026.
Brendan McDermid | Reuters
Stock futures rose Sunday after a losing week on Wall Street as investors prepared for a busy week of financial results, jobs reports and the upcoming midterm elections.
S&P 500 Futures Contracts is trading up 0.3%, while Nasdaq-100 Futures Contracts gained 0.4%. Futures contracts linked to Dow Jones Industrial Average added 116 points, or 0.2%.
The moves come after all three major averages suffered a losing week, mired by selling pressure in the technology sector as investors continued to scrutinize names linked to the development of artificial intelligence. THE S&P500 And Dow Jones Industrial Average each fell less than 1% over the week, while the Nasdaq Composite fell 2%.
In Asia, Japan’s Nikkei 225 fell 0.54% while the Topix fell 0.74%. THE Kospi fell 1.39% at the open, while the small-cap Kosdaq slipped 0.81%. The Australian reference S&P/ASX200 was down 0.24%.
The week got off to a strong start after Anthropic publicly filed for an IPO, boosting AI-related stocks. However, selling pressure resumed later in the week amid signs that investment spending could ease after the two. Alphabet And Microsoft published lower-than-expected investment forecasts. Amazon also left its investment forecasts for the full year unchanged.
Still, 3Fourteen Research’s Warren Pies isn’t too worried, pointing to an increase in forward earnings estimates and adding that “there’s a lot to like” about Anthropic’s S-1 filing.
“I just don’t see anything broken in the AI business,” he said Friday on CNBC’s “Closing Bell Overtime.” “The technical aspects are another story.”
The tech-heavy Nasdaq and S&P 500 posted a loss in October on concerns about AI spending, with the Nasdaq suffering its worst losses since March 2025. The Dow, however, rose nearly 2% as investors turned to defensive areas like healthcare.
“Rather than fleeing amid heightened AI risks, investors are seeing great return potential in other types of stocks,” Mike Dickson, Horizon’s head of research and quantitative strategies, said in a note last week.
Dickson added that while this week’s midterm elections “have some investors concerned that changes in Washington, D.C., could impact markets, it is important to remember that stocks tend to remain stable regardless of which party takes control of Congress.”
The elections will take place on Tuesday, when Democrats are expected to take control of the House of Representatives, while control of the Senate remains uncertain.
Investors are also awaiting October nonfarm payrolls figures, scheduled for release Friday and expected to show an increase of 55,000 jobs for the month, according to economists surveyed by Dow Jones.
In addition to the closely watched monthly jobs report, a new round of earnings releases is also expected this week. Member of the “Magnificent Seven” Apple is expected to report after the bell on Monday. McDonald’s and Qualcomm are expected to report later this week.
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