U.S. stock futures were higher ahead of Monday’s session as investors looked ahead to a busy week of major earnings reports and key inflation data. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.31%, 0.39%, and 0.52%, respectively, at 1:53 a.m. EDT on October 20.
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U.S. stocks ended a volatile week on a positive note, lifted by strong earnings and easing concerns over regional banks. Optimism also grew after President Donald Trump signaled progress toward a potential trade deal with China. For the week, the DJIA rose 1.56%, the SPX gained 1.70%, and the Nasdaq 100 advanced 2.46%.
Separately, investors are watching the U.S. government shutdown, now in its fourth week, as Democrats and Republicans remain stuck in a fight over federal health-care subsidies.
The Q3 earnings season is now in full swing, with several major companies set to report this week. All eyes will be on Tesla (TSLA), which reports on Wednesday as the first of the “Magnificent Seven” to release results this season. Investors will also watch earnings from Netflix (NFLX), Coca-Cola (KO), GE Aerospace (GE), General Motors (GM), Lockheed Martin (LMT), Philip Morris (PM), IBM (IBM), Thermo Fisher (TMO), Intel (INTC), Blackstone Group (BX), and General Dynamics (GD), among others.
Looking ahead, all eyes will be on the September consumer price index, set for release on Friday. Traders will be watching closely amid the ongoing data blackout caused by the government shutdown.
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