U.S. stock futures rebound as traders eye busy week containing jobs data, central bank action and Apple earnings.How are stock-index futures trading
S&P 500 futures
ES00,
+0.66%
rose 28 points, or 0.6% to 4166
Dow Jones Industrial Average futures
YM00,
+0.52%
added 170 points, or 0.5% to 32678
Nasdaq 100 futures
NQ00,
+0.81%
advanced 120 points, or 0.8% to 14386
On Friday, the Dow Jones Industrial Average
DJIA
fell 367 points, or 1.12%, to 32418, the S&P 500
SPX
declined 20 points, or 0.48%, to 4117, and the Nasdaq Composite
COMP
gained 47 points, or 0.38%, to 12643.
What’s driving markets Traders early Monday were starting a week stuffed full of potential market catalysts on an upbeat note. Stock buyers returned after the S&P 500 on Friday joined the Nasdaq Composite in correction territory having shed more than 10% from its recent high at the end of July to close at its lowest since May. Relief that the Israel-Hamas war had not drawn in other combatants in the region over the weekend was helping sentiment, according to analysts. “The conflict did not appear to have broader spillover effects in the Middle East,” said Stephen Innes, managing partner at SPI Asset Management. “That sliver of ‘good news’ has seen the demand for safe-haven assets ease after Israel’s military action in Gaza took a more cautious approach than initially anticipated.” Equity benchmarks also have been hit of late partly because of some poorly-received third quarter earnings — notably from big technology firms that had led the broader marker higher for much of the year. The next tech behemoth to present its numbers will be Apple
AAPL,
+0.80%,
after the market close on Thursday. Companies reporting results on Monday include McDonald’s
MCD,
-0.03%,
Western Digital
WDC,
+1.86%
and SoFi Technologies
SOFI,
-0.43%
before the opening bell on Wall Street, followed by Pinterest,
PINS,
+1.08%
Transocean
RIG,
-2.09%
and VF Corporation
VFC,
-5.22%
after the close. Another factor pressuring equities over the past several weeks was the lurch higher in benchmark bond yields
BX:TMUBMUSD10Y
to 16-year highs above 5% on concerns a robust economy will force the Federal Reserve to keep interest rates high for longer and amid fears additional Treasury issuance will push down prices. Both of those issues will be addressed on Wed …
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