US Stocks to Kick Off November Higher
US stock futures rose at the start of November, with S&P 500 futures up 0.4%, Nasdaq 100 futures gaining 0.8% and Dow Jones futures advancing nearly 210 points, as technology stocks rebounded following Friday’s sell-off in AI-related shares. Investors are gearing up for an event-packed week, with the US midterm elections, key labour market data and a fresh batch of corporate earnings in focus. A decline in oil prices also helped boost market sentiment. Technology stocks led the premarket gains, with Nvidia rising 1.2%, Micron Technology adding 2.1%, SanDisk climbing 2.5% and Western Digital advancing 2.3%. Marvell Technology edged up 0.2% after announcing an agreement to acquire Lumentum Holdings Inc. in a deal valuing the company at an enterprise value of $115 billion. Elsewhere, Palantir gained 1.6%, while Apple shares were little changed ahead of their earnings releases later in the day.
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US stock futures rose at the start of November, with S&P 500 futures up 0.4%, Nasdaq 100 futures gaining 0.8% and Dow Jones futures advancing nearly 210 points, as technology stocks rebounded following Friday’s sell-off in AI-related shares. Investors are gearing up for an event-packed week, with the US midterm elections, key labour market data and a fresh batch of corporate earnings in focus. A decline in oil prices also helped boost market sentiment. Technology stocks led the premarket gains, with Nvidia rising 1.2%, Micron Technology adding 2.1%, SanDisk climbing 2.5% and Western Digital advancing 2.3%.
Marvell Technology edged up 0.2% after announcing an agreement to acquire Lumentum Holdings Inc. in a deal valuing the company at an enterprise value of $115 billion. Elsewhere, Palantir gained 1.6%, while Apple shares were little changed ahead of their earnings releases later in the day.