U.S. stock futures climbed early Monday as investors prepared for the official start of the third-quarter earnings season across Wall Street.
As of 4:00 a.m. ET, Nasdaq, S&P 500, Dow, and Russell 2000 futures each gained 0.2% ahead of a busy week of corporate and economic catalysts.
The modest premarket gains followed a strong week for equities, with the S&P 500 and Nasdaq both closing at record highs in the prior session.
On Stocktwits, retail sentiment toward the SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ) has moderated to “bullish” from “extremely bullish” recorded last week.
Major financial institutions including JPMorgan Chase (JPM), Goldman Sachs (GS), Citigroup (C), and Wells Fargo (WFC) are set to report earnings on Tuesday.
Bank of America (BAC) and Morgan Stanley (MS) are among the financial companies scheduled to follow with results on Wednesday.
Oil prices dipped after President Donald Trump declared an immediate “energy ceasefire” between Russia and Ukraine, though crude remained above $100 a barrel amid escalating Middle East tensions.
A Houthi strike on Riyadh’s airport over the weekend added to geopolitical uncertainty that traders continue to monitor closely this week.
U.S. Treasury markets are closed Monday for Columbus Day, even as U.S. stock markets remain open for regular trading.
September’s Consumer Price Index is due Wednesday, followed by Producer Price Index data and retail sales on Thursday, providing key signals on the rate trajectory.
Fed Chair Kevin Warsh is scheduled to speak Thursday at the 2026 Annual Meetings of the Boards of Governors of the International Monetary Fund and World Bank Group.
Cleveland Fed President Beth Hammack is also set to speak Monday at 12:10 p.m. ET, ahead of the week’s heavier economic calendar.
Micron Technology (MU) and Taiwan Semiconductor Manufacturing Co. (TSM) shares each dipped roughly 1% in early premarket trade after China’s ChangXin Memory Technologies reportedly advanced work on next-generation DRAM technology.
Elon Musk unveiled plans over the weekend for Terafab, a proposed chipmaking initiative tied to Tesla (TSLA) and SpaceX, aiming to iterate rapidly on 10 internal chip designs per year.
Reports indicate TSMC is considering a role in the Texas-based Terafab project, with Intel also advancing its own involvement in the initiative.
Iren (IREN) shares rose 5% in early premarket trade following reports that Anthropic signed a multiyear data center cloud deal with the company.
Amazon (AMZN) shares inched higher in early premarket trading after reports indicated the company is in talks to acquire AI startup Decart for around $7 billion to enhance its use of custom Trainium chips.
AST SpaceMobile (ASTS) shares trended higher after its BlueBird 14-16 satellites arrived at Cape Canaveral for launch, alongside FCC clearance for 900-MHz testing.
Sellas Life Sciences (SLS) shares rose in early premarket trade after retail traders speculated that a massive booth reserved for the upcoming ASH conference points toward potential M&A or partnership talks.
In his latest Substack note, Michael Burry revealed that he has swapped common shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) for preferred stock to manage dilution risks.
SoFi Technologies (SOFI) remained in focus after Keefe, Bruyette & Woods lowered its price target to $15 from $16 and maintained an Underperform rating on the stock.
Chinese electric vehicle makers NIO and Xpeng (XPEV) are on watch as reports suggest a 350,000-vehicle annual cap on Chinese hybrid imports into the EU starting December 1.
WF Holding (WFF) pulled back Monday after staging a massive speculative rally of over 450% on Friday, drawing significant retail attention on Stocktwits.
Palantir Technologies (PLTR) hovered near record highs as retail bulls embraced recent Wall Street upgrades, despite its CTO dismissing reports regarding software usage in foreign strikes.
Other tickers trending on Stocktwits included Boost Run (BRUN), Rivian (RIVN), Starbucks (SBUX), and Chipotle (CMG) as premarket activity picked up across multiple sectors.
