U.S. stock futures jumped as investors awaited a slew of earnings from tech giants that could propel the Nasdaq Composite Index to new highs this week, while calm geopolitics also helped boost risk appetite.
Dow Jones Industrial Average futures added 117 points, or 0.3%. S&P 500 futures rose 0.3%, and Nasdaq 100 futures gained 0.4%.
On the Middle East tensions front, Israeli airstrikes over the weekend against Iran did not target oil or nuclear facilities as feared, sending oil futures lower in early trading.
On Friday, the tech-heavy Nasdaq Composite Index jumped to an all-time high for the day, rising 0.56% to close at 18,518.61. On the other hand, the Dow Jones Industrial Average fell 259.96 points, or 0.61%, to close at 42,114.40. The S&P 500 Index fell 0.03% to 5,808.12.
The Dow and S&P snapped six-week winning streaks, but the Nasdaq notched its seventh straight positive week.
Wall Street is bracing for a big week in the markets, which will feature the busiest week of the third-quarter earnings reporting season and the last week before the U.S. presidential election on Nov. 5.
Five of the seven largest companies, Alphabet, Microsoft, Meta Platforms, Amazon and Apple, are scheduled to report third-quarter earnings.
Traders are also awaiting a number of key economic data releases this week, including the September jobs report due on Friday, the September personal consumption expenditures price index due on Thursday, and a preliminary reading of third-quarter gross domestic product due on Wednesday.
