Traders work on the floor of the New York Stock Exchange on September 29, 2026 in New York City, USA.
Gina Moon | Reuters
Stock futures rose Sunday night as traders looked to erase weekly losses in the S&P 500.
S&P500 futures Although it rose by 0.4%, Dow Jones Industrial Average Futures Added 160 points (0.3%). Nasdaq 100 futures It increased by 0.6%.
The three major stock averages fell on Friday as oil prices rose and the decline that hit many market sectors widened. of Dow Although it fell by more than 650 points, S&P500 It decreased by 0.5%. of Nasdaq Composite 0.2% drop
The decline also pushed the S&P 500 and Nasdaq index down for the week.
On Friday, Brent crude rose more than 3% to $116.72 per barrel, its highest since April, while U.S. West Texas Intermediate also rose 3.8% to settle at $103.27 per barrel. Energy prices rose following reports that the United States and Israel may be planning attacks on Iran after the midterm elections.
France, the 10 year bond yield It hit 5% last week for the first time since 2002, a respite from recent turmoil after Moody’s decided to maintain its Aa3 credit rating and negative outlook on the nation. Traders were worried that the euro zone’s second-largest economy could be headed for a downgrade due to rising borrowing costs.
“Significant and sustained fiscal efforts will continue to be necessary after the presidential elections in April and May 2027 to put France’s public finances on a stronger footing and stabilize its debt burden, which will exceed 120% of gross domestic product (GDP) in 2027,” the agency said on Friday.
Moody’s added that if French institutions were able to reduce the budget deficit, it could raise the country’s outlook to stable.
Traders are awaiting the Federal Reserve’s decision on Wednesday. Federal funds futures trading suggests there is a 90% chance that policymakers will keep interest rates in their current target range of 3.75% to 4%.
Bank of America said it expected the Federal Reserve to raise interest rates by a quarter of a percentage point, which would be “heavy lifting.”
“October’s decision will test Warsh’s determination to make a ‘major change’ to the Fed’s forward guidance strategy,” Bank of America economist Claudio Yrigoyen said in a research note. “Warsh’s challenge to reporters will be to prevent ‘policy error’ trading. If the Fed raises rates, investors may worry that they are tightening too much. If the Fed continues to raise rates, markets may question the credibility of the Fed’s inflation policy.”
