U.S. stock futures traded higher early Monday as investors prepared for another round of artificial intelligence-related earnings reports from Advanced Micro Devices (AMD) and Palantir Technologies (PLTR). Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.25%, 0.13%, and 0.02%, respectively, at 3:45 a.m. EST on November 3.
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Following strong gains in October, November trading is expected to build on that momentum. Last month, all three major indexes closed higher. The S&P 500 advanced 2.3%, the Dow added 2.5%, and the Nasdaq Composite led the way with a 4.7% gain. The rally was driven largely by investor enthusiasm for AI-related stocks and an easing of trade tensions following recent discussions between President Trump and Chinese President Xi Jinping.
The economic calendar remains light as the ongoing government shutdown continues to delay several key data releases, including the monthly jobs report. In the absence of fresh macroeconomic data, investors are turning their attention to third-quarter earnings season to gauge the health of the U.S. economy.
This week, more than 100 additional companies are set to report, including AI-focused names like Palantir and AMD. Other notable names releasing results 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 results may provide valuable clues about sector momentum and the overall economic outlook.
Notably, the U.S. 10-year Treasury yield was down, floating near 4.09%. WTI crude oil futures were trending higher, hovering near $61.26 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,022 per ounce on Monday.
Elsewhere, in Europe, stocks opened mostly higher on November 3, as investors awaited a busy week of corporate earnings and central bank policy updates.
Asia-Pacific Markets Traded Higher Today
Asia-Pacific markets traded mostly higher on Monday following positive sentiment from the Trump-Xi meeting and strong earnings reports from the technology sector.
Hong Kong’s Hang Seng index advanced 0.97%. In China, the Shanghai Composite gained 0.55%, and the Shenzhen Component added 0.38%. Meanwhile, Japan’s markets remained closed for the Culture Day national holiday.
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