U.S. Stock Futures Rally Ahead of Big Tech Earnings and Rate Cut Hopes
U.S. stock futures surged early Monday as investors positioned for quarterly results from tech giants and a potential Federal Reserve rate cut. Nasdaq 100, S&P 500, and Dow Jones Industrial Average futures climbed 1.11%, 0.83%, and 0.66%, respectively, reflecting broad market optimism.
Friday's record-high closes across major indexes were fueled by cooler-than-expected inflation data, reinforcing expectations of monetary easing. The Dow, S&P 500, and Nasdaq 100 posted weekly gains of 2.20%, 1.92%, and 2.18%, signaling robust sector-wide confidence.
All eyes now turn to the Federal Reserve's October 28-29 policy meeting, with markets pricing in at least a 25-basis-point reduction. Simultaneously, earnings season hits full stride as Amazon, Apple, Microsoft, Alphabet, and Meta prepare to report—key bellwethers for market sentiment.
