U.S. stock futures advanced on Monday, as Wall Street sought to build on last month’s momentum heading into November.
As of 04:21 P.M. (Thailand time), S&P 500 futures gained 0.38%, or 26.20 points, to 6,866.40 points, Nasdaq 100 futures climbed 0.53%, or 136.80 points, to 25,994.90 points, and Dow Jones futures edged up by around 0.24%, or 112.50 points, to 47,675.20 points.
The market rally that drove equities higher in October continues to fuel investor optimism, with the S&P 500 closing the month up 2.3%, the Dow gaining 2.5%, and the Nasdaq Composite surging 4.7%. Growth and AI-focused stocks, led by Big Tech and the so-called “Magnificent Seven,” were at the center of last month’s advance, while improving US-China trade sentiment contributed to the upbeat tone.
However, investors remain alert to developments in Washington. The ongoing US government shutdown is holding up the release of key economic indicators, including the closely watched jobs report. Meanwhile, attention turns to the Supreme Court, which is scheduled to review the legality of President Trump’s sweeping tariffs this week.
Earnings season is set to remain in focus, with about 300 S&P 500 companies having already reported third-quarter results and over 100 more—including Palantir, Super Micro, and AMD—set to announce this week.
With official data delayed, upcoming reports from the Institute for Supply Management and S&P Global on the manufacturing and services sectors are expected to draw increased attention. Investors will also be watching the University of Michigan’s consumer sentiment report on Friday for signs of a potential slowdown in consumer spending.
