Futures linked to the S&P 500 rose 0.08%, while Nasdaq 100 futures rose 0.1%. Dow Jones Industrial Average futures added 15 points, or 0.1%.
Stocks began October trading after lawmakers in Washington reached a short-term deal over the weekend that led to a government shutdown. The 30-stock Dow Jones closed down 74.15 points, or 0.2%, while the S&P 500 rose 0.01%. The Nasdaq Composite added 0.67%, rising for the fourth day in a row.
Wall Street is also facing rising bond yields, with the yield on the 10-year Treasury note topping 4.7% at one point on Monday — its highest level since October 2007.
Investors are hoping to turn the page on the disappointing month of September for stocks. All three major indexes closed the month and third quarter lower. The S&P 500 alone lost nearly 5% in September.
This means that key economic reports - such as last month's payroll reports, due on Friday - and the start of earnings reporting season next week are back in focus.
“Investors are anticipating a strong upcoming earnings season, but we believe the outlook is too optimistic for the balance of 2023 and 2024,” said Richard Saperstein, chief investment officer at Treasury Partners.
He added: The most urgent risk to stocks is if companies are significantly affected by the economic slowdown that occurs due to high interest rates, which is a prominent risk that the market is currently ignoring.
On the economic data front, investors will be watching the August job opportunities and labor turnover report, scheduled for release on Tuesday morning. Economists polled by Dow Jones expect 8.8 million jobs.
