U.S. Stock Futures Rise as November Trading Kicks Off, Palantir (PLTR) Earnings on Deck
U.S. stock futures are rising as November trading begins, following a strong October where major indexes saw gains: S&P 500 up 2.3%, Dow up 2.5%, and Nasdaq up 4.7%. The market is buoyed by AI stock strength and easing U.S.-China trade tensions. Over 300 S&P 500 companies have reported Q3 earnings, with 80% exceeding expectations. This week, key earnings reports are expected from companies including Palantir, AMD, Uber, and Pfizer, which may provide insights into sector performance and the economy.
The uptick followed a strong October on Wall Street, where all three major indexes ended higher. The S&P 500 rose 2.3%, the Dow gained 2.5%, and the Nasdaq Composite outperformed with a 4.7% jump, boosted by continued strength in artificial intelligence stocks and easing trade tensions between the U.S. and China.
Investors are also watching Washington closely as the U.S. government shutdown drags on, delaying key economic data such as the monthly jobs report.
Earnings season continues to drive market sentiment. So far, more than 300 S&P 500 companies have reported third-quarter earnings, with over 80% beating expectations, according to FactSet. This week, more than 100 additional companies are set to report, including AI-focused names like Palantir and AMD (AMD).
Other major earnings to watch include Super Micro Computer (SMCI), Uber (UBER), Pfizer (PFE), Rivian (RIVN), Qualcomm (QCOM), Lucid Group (LCID), McDonald's (MCD), IonQ (IONQ), Robinhood (HOOD), AMC Entertainment (AMC), Archer Aviation (ACHR), and D-Wave Quantum (QBTS), among others. These reports could offer key insights into both sector strength and the broader economy.
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