Futures Forge Higher Monday



S&P 500 futures rose on Monday, led by tech, as a new month of trading began.

Futures for the Dow Jones Industrials dipped 62 points, or 0.1%, to 47,660.

Futures for the much broader index surged 13.25 points, or 0.2%, to 6,887.25.

Futures for the NASDAQ popped 136.50 points, or 0.5%, to 26,140.50.

Micron Technology gained 3% to lead chipmaker stocks higher. Nvidia and AMD were up about 2% and 1%, respectively. Other tech names such as Meta Platforms and Palantir also gained in the premarket.

Wall Street is coming off a winning session that added to the benchmark’s October gains. The S&P 500 improved 2.3% and Dow climbed 2.5%, for the month. The NASDAQ outperformed, gaining 4.7%.

Those gains were driven in part by continued momentum in the artificial intelligence trade as well as signs of easing trade tensions between the U.S. and China.

Investors also kept an eye on Washington, as the U.S. government remains shut down. The stoppage has delayed several key economic data releases, including the monthly jobs report.

On top of that, the Supreme Court is expected to hear oral arguments on legality of the Trump administration’s tariffs.

In Japan, markets were closed for the holiday Monday, while in Hong Kong, the Hang Seng zoomed 1%.

Oil prices deducted 10 cents to $60.88 U.S. a barrel.

Gold prices added $29.20 to $4,025.70 U.S. per ounce.


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