U.S. stock futures rebound as November opens after a tech-led selloff
A firmer pre-open tone in the U.S. contrasts with a mixed Asian session and a near-flat start in Europe.
U.S. stock-index futures moved higher early Monday as markets opened November after Friday's technology-led selloff. Reuters and CNBC both reported gains in S&P 500 and Nasdaq-100 futures, while the Associated Press also described a firmer U.S. pre-open tone.
That is a futures-market rebound, not a result for the U.S. cash session. The regular stock-market open is still ahead, and an early gain does not establish how shares will finish the day.
A recovery attempt, not an all-clear for technology
Reuters, AP and CNBC described a market still weighing the return on heavy artificial-intelligence investment after last week's earnings. The reports point to continued scrutiny of technology companies rather than evidence that those concerns have been settled.
CNBC's report updated at 5:19 a.m. ET put S&P 500 futures up 0.49% and Nasdaq-100 futures up 0.82%. Those exact readings are reported by CNBC and have not been independently confirmed by Ticker Den. They are a timestamped snapshot, not live quotes.
Asia and Europe offer a mixed backdrop
South Korean shares gained while Australian stocks declined in both the AP and Reuters accounts. European stocks were close to flat in Reuters' early-session report; CNBC also described only a small gain for the region's broad benchmark. This was not a uniform global rally.
Apple's results later Monday and Tuesday's U.S. midterm elections are on investors' calendars, according to AP and CNBC. The October ISM manufacturing report is scheduled for 10 a.m. ET Monday, as confirmed by ISM's release calendar and the economic calendar from TradingCharts. No reading from that report was available at this publication time.
For the wider schedule, see this week's Week Ahead. The earlier chip-stock pressure is covered in Friday's AMD and Intel premarket report. Those older observations are context, not today's prices.
