Stock market today: Dow, S&P 500, Nasdaq futures recover from bruising sell-off ahead of busy week
Key Points:
- US stock futures rose in early trading Monday, with the Dow and S&P 500 up 0.4% and Nasdaq-100 up 0.8%, as investors regained risk appetite ahead of a busy week featuring earnings reports, midterm elections, and key economic data.
- Bitcoin edged higher near $78,000 despite a recent $6.3 billion hack of Binance, the largest crypto hack ever, which led to significant withdrawals but Binance has covered about 95% of the impacted funds.
- SpaceX is reportedly exploring acquiring Boost Mobile or accessing its network after Verizon, AT&T, and T-Mobile rejected network access requests, aiming to enter the $235 billion US wireless market.
- Apple is set to report Q4 earnings Monday after the bell, with investors focused on early iPhone 18 sales and the first earnings call with new CEO John Ternus; expectations include $2 EPS on $113.46 billion revenue.
- Recent Big Tech sell-offs, including Alphabet and Amazon post-earnings declines, reflect heightened investor demands rather than poor fundamentals, as earnings results were mixed but not disastrous.