Traders work on the floor of the New York Stock Exchange (NYSE) on October 30, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
Stock futures rose on Sunday after a losing week on Wall Street as investors braced for a busy week of earnings, jobs data and the upcoming midterm elections.
S&P500 futures Although it rose by 0.3%, Nasdaq 100 futures It increased by 0.4%. futures linked to Dow Jones Industrial Average Added 116 points (0.2%).
The move comes after a week in which the three major averages fell, plagued by selling pressure in tech stocks as investors continued to scrutinize stocks related to artificial intelligence developments. of S&P500 and Dow Jones Industrial Average Each week was down less than 1%. Nasdaq Composite It fell by 2%.
In Asia, Japan’s Nikkei Stock Average trended lower, with Chicago futures trading at 62,720 and Osaka futures at 62,420, compared to the index’s previous closing price of 63,290.11. Hong Kong Hang Seng Index futures were at 23,345 and the index’s last closing price was 23,294.42. Australia’s S&P/ASX 200 fell 0.16%.
The week got off to a strong start with Anthropic’s IPO and a rally in AI stocks. However, selling pressure resumed in the second half of the week as there were signs of a decline in capital spending. alphabet and microsoft The company announced a lower-than-expected outlook for capital investment. Amazon The outlook for capital investment for the full year remains unchanged.
Still, 3Fourteen Research’s Warren Pais isn’t too worried, pointing to rising future revenue expectations and adding that there are “a lot of good things” about Anthropic’s S-1 filing.
“I don’t think there’s a fundamental problem with the AI trade,” he told CNBC’s “Closing Bell Overtime” on Friday. “Technical stuff is another story.”
The tech-heavy Nasdaq and S&P 500 fell in October on concerns about AI spending, with the Nasdaq suffering its worst loss since March 2025. But the Dow rose nearly 2% as investors moved into defensive sectors such as health care.
“Rather than fleeing for the hills as AI risks rise, investors see more return potential in other types of stocks,” Mike Dixon, Horizon’s head of research and quantitative strategy, said in a note last week.
Dixon added that with this week’s midterm elections, “some investors are concerned that changes in Washington, D.C., could impact markets, but it’s important to remember that stock prices tend to be stable no matter which party gains control of Congress.”
The election will be held on Tuesday, and Democrats are expected to take control of the House of Representatives, but the Senate majority remains uncertain.
Investors are also awaiting October’s nonfarm payrolls report on Friday, which economists compiled by Dow Jones say is expected to increase by 55,000 jobs in the month.
In addition to the highly anticipated monthly employment statistics, new financial results are also expected to be announced this week. “Magnificent Seven” members apple We will report after the bell on Monday. McDonald’s and Qualcomm are expected to report later this week.
