Futures Perk Amid Hope of Keeping Momentum Going - InvestingChannel

Futures Perk Amid Hope of Keeping Momentum Going

U.S. stock futures rose Monday, as traders tried to add to sharp gains seen in last week.

Futures for the Dow Jones Industrials soared 148 points, or 0.5%, to 30,271.

Futures for the S&P 500 gained 15 points, or 0.4%, to 3,778.50.

Futures for the NASDAQ Composite acquired 12.25 points, or 0.1%, to 11,372.75.

The moves come after yet another volatile week for stocks as third-quarter earnings season heats up. The major averages had their biggest weekly gains since June, with the Dow advancing 4.9%. The S&P 500 hiked 4.7% and NASDAQ rose 5.2%.

A chunk of those gains came Friday, when the Dow rallied more than 700 points, while the S&P 500 and NASDAQ each popped around 2.3%.

Investors will watch for earnings from tech giants such as Apple, Alphabet, Amazon and Microsoft this week. Wall Street will also be watching for more inflation data, with the October manufacturing and services purchasing managers indexes coming Monday.

Elsewhere, Facebook warned on Friday it may block sharing of news content on its platform in Canada over concerns about legislation

In Japan, the Nikkei 225 eked up 0.3% Monday, while in Hong Kong, the Hang Seng Index was battered 6.4%.

Oil prices faded $1.86 to $83.19 U.S. a barrel.

Gold prices dipped $3.10 to $1,653.20 U.S. an ounce.

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