| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Editor’s Note: The future prices of benchmark tracking ETFs and the headline were updated in the story.
U.S. stock futures advanced on Monday after Friday’s positive moves. Futures of major benchmark indices were higher.
Even as the government shutdown continued for over a month, the stocks gained in October; the S&P 500 added 1.85%, the Dow surged 1.72%, and the Nasdaq jumped 4.33%.
Meanwhile, President Donald Trump defended his economic record, pointing to a surging stock market as a rebuttal to concerns like higher inflation and high grocery prices. Additionally, he identified several key sectors that he says are directly benefiting from his administration's economic policies.
The 10-year Treasury bond yielded 4.08% and the two-year bond was at 3.58%. The CME Group's FedWatch tool‘s projections show markets pricing a 69.3% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
| Futures | Change (+/-) |
| Dow Jones | 0.17% |
| S&P 500 | 0.37% |
| Nasdaq 100 | 0.54% |
| Russell 2000 | 0.22% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Monday. The SPY was up 0.40% at $684.79, while the QQQ advanced 0.72% to $633.6, according to Benzinga Pro data.
Sectors gaining on Friday included consumer discretionary and energy stocks, which bucked the overall market trend. Most sectors on the S&P 500, however, closed negatively, with consumer staples, materials, and utilities stocks recording the biggest losses for the session.
Despite this, U.S. stocks settled higher, the Nasdaq Composite gaining 100+ points as upbeat mega-cap earnings kept the rally alive.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | 0.61% | 23,724.96 |
| S&P 500 | 0.26% | 6,840.20 |
| Dow Jones | 0.086% | 47,562.87 |
| Russell 2000 | 0.54% | 2,479.38 |
Ryan Detrick, the chief market strategist at Carson Research, has countered the bearish narrative that the market rally is weak and concentrated in just a few mega-cap stocks. He argued that the bull market has significant underlying strength, proven by the performance of equal-weight indices.
Detrick points out that the equal-weight versions of the S&P 500, the Dow, and the Nasdaq all hit all-time highs simultaneously. This is a crucial distinction from their more common market-cap-weighted counterparts, where the performance of giants like Apple or Nvidia can mask weakness in other areas.
In an equal-weight index, every stock has the same influence. Therefore, seeing these indices hit new highs proves the rally is broad-based, meaning the average stock is performing exceptionally well.
This widespread participation, rather than a rally led by just a few “generals,” is a classic indicator of a healthy, sustainable market trend. For Detrick, this is clear evidence that this “bull market still has plenty of strength” left.
See Also: How to Trade Futures
Here's what investors will be keeping an eye on this week;
Crude oil futures were trading lower in the early New York session by 0.16% to hover around $60.88 per barrel.
Gold Spot US Dollar fell 0.11% to hover around $4,006.77 per ounce. Its last record high stood at $4,381.6 per ounce. The U.S. Dollar Index spot was 0.07% higher at the 99.8720 level.
Meanwhile, Bitcoin (CRYPTO: BTC) was trading 3.07% lower at $107,332.59 per coin.
Asian markets closed higher on Monday, including South Korea's Kospi, Japan's Nikkei 225, Australia's ASX 200, Hong Kong's Hang Seng, India’s NIFTY 50, and China’s CSI 300 indices. European markets were mostly higher in early trade.
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