How are stock-index futures trading:
Dow Jones Industrial Average futures were up 50 points, or 0.11%
S&P 500 futures were down 1 point, or 0.02%
Nasdaq 100 futures were down 39 points, or 0.19%
On Friday, the Dow Jones Industrial Average rose 37 points, or 0.09%, to 43,276, the S&P 500 increased 23 points, or 0.4%, to 5,865, and the Nasdaq Composite gained 116 points, or 0.63%, to 18,490.
Stock futures were hovering on Monday near the record highs they’ve hit following six consecutive weeks of gains for the S&P 500 index – as investors braced themselves for the second full-week of third-quarter results.
The S&P 500 index’s six weeks worth of gains has seen the index post a better run for the year so far than in any other equivalent period since 1997, according to Deutsche Bank.
Top companies including General Motors, Philip Morris International, Boeing, Coca-Cola, Tesla, and International Business Machines are all set to publish third-quarter earnings statements over the coming days that could impact market movements.
With just two weeks to go until the U.S. elections, betting markets are now predicting former President Donald Trump will win, with the Republican candidate taking the lead over Vice President Kamala Harris. Trump has a 60.7% chance of winning the election on Nov. 5 versus Harris’ 39.1% chance, according to data from Polymarket, a crypto-fueled predictions market.
Over in Europe, Bank of England Governor Andrew Bailey and European Central Bank President Christine Lagarde are both set to speak on Tuesday. On Monday morning, official PPI figures from Germany showed inflation had fallen 1.4% compared to a year ago.
Investors on Monday will also be watching out for the U.S. leading economic indicators data and readying to hear a speech from Dallas Fed President Lorie Logan.