U.S. stock futures rose on Monday, with the Dow Jones, S&P 500, and Nasdaq 100 indices all pointing higher following Friday's lower close.
The mood shift has a lot to do with geopolitics. President Donald Trump ruled out an immediate U.S. attack on Iran, telling reporters, "The answer is no," and adding, "There will not be a strike today." That is about as clear as it gets from the Oval Office.
The diplomatic backdrop remains tense, though. Iran's Foreign Ministry spokesperson Esmaeil Baqaei criticized Secretary of State Marco Rubio and President Trump on Sunday after Rubio accused Tehran of attacking commercial vessels in the Gulf region. Baqaei pointed to comments purportedly made by Trump in May this year.
Meanwhile, the 10-year Treasury bond yielded 4.99%, and the 2-year Treasury bond yielded 4.69%, at the last check. The CME Group's FedWatch tool projections show markets pricing in a 90.6% likelihood of the Federal Reserve keeping interest rates unchanged after its October meeting.
| Index | Performance (+/-) |
|---|
| Dow Jones | 0.43% |
| S&P 500 | 0.29% |
| Nasdaq 100 | 0.19% |
| Russell 2000 | 0.30% |
The SPDR S&P 500 ETF Trust (NYSE: SPY), the Invesco QQQ Trust ETF (NASDAQ: QQQ) and the SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA), which track the S&P 500 index, Nasdaq 100 index and Dow Jones Industrial Average, respectively, were higher in premarket trading on Monday. SPY was up 0.31% at $762.30, QQQ advanced 0.23% to $706, and DIA rose 0.51% to $524.04.
Honeywell International
- Honeywell International Inc. (NASDAQ: HON) was 0.32% higher as it launched a new AI platform at Dangote's Nigeria refinery.
- MarketDash's stock rankings indicate that HON maintains a negative price trend in the medium and long term but a positive trend in the short term, with a poor growth score.
Celestica
- Celestica Inc. (NYSE: CLS) was 0.2% higher pre-market ahead of its latest quarterly results scheduled to be announced after the closing bell. Wall Street expects Celestica to post earnings of $2.99 per share on revenue of $5.48 billion.
- MarketDash's stock rankings indicate that CLS maintains a negative price trend in the short, long, and medium terms, with a quality growth score.
Cadence Design Systems
- Cadence Design Systems Inc. (NASDAQ: CDNS) was 0.003% higher in premarket trading on Monday as analysts expect Q3 2026 earnings of $2.05 per share on revenue of $1.61 billion after the closing bell.
- MarketDash's stock rankings indicate that CDNS maintains a negative price trend in the short, medium, and long terms, with a good growth score.
Welltower
- Welltower Inc. (NYSE: WELL) was 0.74% higher in premarket on Monday as analysts expect third-quarter 2026 earnings of $0.90 per share on revenue of $3.73 billion after the closing bell.
- MarketDash's stock rankings indicate that WELL maintains a positive price trend in the short, medium, and long terms, with a poor value score.
Cues From Last Session
U.S. stocks closed lower on Friday, with the Dow down over 600 points. Energy, information technology, and real estate led, while consumer staples, communication services, and consumer discretionary lagged.
| Index | Performance (+/-) | Value |
|---|
| Dow Jones | -1.23% | 52,215.16 |
| S&P 500 | -0.52% | 7,623.68 |
| Nasdaq Composite | -0.21% | 25,955.34 |
| Russell 2000 | -0.29% | 2,775.90 |
Insights From Analysts
Mohamed A. El-Erian wrote that markets have been gripped by a reassessment of return on investment in technology and its massive funding needs, pressuring the NASDAQ and widening credit spreads, even as confidence remains that the sector will drive growth.
He said innovation has not been matched by deeper economy-wide adoption and stronger risk mitigation, warning that without both, the transmission from innovation to productivity, growth and earnings would likely disappoint. He also pointed to bond-market volatility and sovereign-spread stress, highlighting France trading at an "eye-popping spread of about 170 basis points relative to Germany."
El-Erian said markets widely expect the Federal Reserve to hold rates steady on Wednesday, but to hike in December and next year. He argued, "Rate increases are the wrong policy tool for the US economy at this juncture," adding, "A much better policy approach is fiscal containment." He also cited consensus forecasts for PCE inflation of a monthly headline reading of 0.5% and core at 0.3%.
Upcoming Economic Data
Here's what investors will be keeping an eye on this week.
- On Monday, there are no major economic events scheduled.
- On Tuesday, September's durable goods orders data will be released by 8:30 a.m., and August's S&P Case-Shiller home price index data will be out by 9 a.m. ET.
- September's new home sales report and October's Conference Board consumer confidence data will be out by 10 a.m. ET, while the U.S. Federal Open Market Committee (FOMC) begins its two-day meeting.
- On Wednesday, September's advance U.S. trade balance in goods, wholesale inventories, and retail inventories data will all be released by 8:30 a.m. ET.
- The Fed's interest rate decision will be announced by 2 p.m. ET.
- On Thursday, the third-quarter advance GDP number, initial jobless claims for the week ending Oct. 24, along with September's personal income, spending, headline, and core PCE price index data will all be out by 8:30 a.m. ET.
- On Friday, the third-quarter employment cost index data will be released by 8:30 a.m., and October's Chicago PMI data will be out by 9:45 a.m. ET.
Commodities, Crypto, And Global Equity Markets
Crude Oil WTI futures were trading lower in the early New York session by 1.93% to hover around $101.28 per barrel. Meanwhile, Brent futures were trading lower in the early New York session by 1.41% to hover around $110.13 per barrel.
Gold Spot US Dollar rose 0.43% to hover around $4,014.46 per ounce. The U.S. Dollar Index spot was 0.12% higher at the 101.7891 level.
Meanwhile, Bitcoin (CRYPTO: BTC) was trading at $80,406 per coin, up 0.3% during the last 24 hours.
Asian markets were mixed on Monday, as Australia's ASX 200, India's Nifty 50, and Hong Kong's Hang Seng indices rose. South Korea's Kospi, China's CSI 300, and Japan's Nikkei 225 indices fell. European markets were mixed in early trading.
