US stock futures rose during overnight trading on Sunday ahead of a busy week of corporate earnings.
Futures tied to the Dow Jones Industrial Average rose 0.05%, while S&P 500 and Nasdaq 100 futures rose 0.07% and 0.17%, respectively, while the Dow Jones Industrial Average rose 0.79%. The Nasdaq Composite lost about 0.2% during the week and fell 1.23% during Friday's session, while the S&P fell 0.5% and the Dow Jones rose 0.12%.
Oil prices rose more than 5% during Friday's session and recorded their best day since April as the war between Israel and Hamas raised some concerns regarding oil production in the region.
Meanwhile, Wall Street weighed in on a slew of reports from major financial companies, with JPMorgan and Walse Fargo shares rising 1.5% and 3%, respectively.
Despite these mostly positive results, some on Wall Street are bracing for more volatility at the end of the year as yields and oil prices rise, inflation persists and conflict unfolds in the Middle East, said Eric Johnston, head of equity and cross-bond derivatives at Cantor Fitzgerald. Origin.
“The situation in the Middle East kind of shows that when you own stocks, you take a risk,” he told CNBC's Closing Bell on Friday. As a result, you have to have good upside returns to justify that risk, because there are things that come out of nowhere, like this situation.
Investors are preparing for earnings season this week, as 11% of S&P 500 stocks are scheduled to announce their results.
On the economic front, Wall Street is awaiting the October Empire State Index, scheduled for Monday.
