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Stock Futures Rise as Oil Prices Fall Before U.S. Midterm Elections
Stock futures rise as oil prices fall ahead of the U.S. midterm elections, with tech shares rebounding.
Key points
- Brent crude tumbled more than 6% to around $106 per barrel on Monday.
- Oracle said it plans to sell $10 billion in common stock as well as $10 billion in bonds.
- Marvell Technology is buying Lumentum in a $115 billion deal.
Why it matters. Investors are weighing oil price swings, AI spending concerns and a packed week of earnings and jobs data ahead of the midterm elections, which may affect market direction.
U.S. stock futures rose on Monday as oil prices fell sharply, with Brent crude down more than 6% to around $106 per barrel and U.S. West Texas Intermediate down more than 6% to roughly $97. The S&P 500 traded 0.6% higher and the Nasdaq Composite gained 0.8%, while the Dow Jones Industrial Average added 537 points, or 1%.
Latest updates
Stock Futures Rise as Oil Prices Fall Before U.S. Midterm Elections
Stock futures moved higher on Sunday after a losing week on Wall Street. S&P 500 futures traded up 0.3%, while Nasdaq-100 futures gained 0.4%. Futures linked to the Dow Jones Industrial Average added 116 points, or 0.2%. Investors are preparing for a busy week that includes a packed slate of earnings results, jobs reports and the upcoming U.S. midterm elections. Stocks moved higher on Monday as oil prices fell and technology shares rebounded.