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Pre-Market Performance
U.S. equity futures pointed higher before the open, with the Nasdaq 100 futures up 146.0 points, or 0.50%, to 29,263.8; S&P 500 futures up 24.0 points, or 0.31%, to 7,683.8; and Dow Jones futures up 192.0 points, or 0.37%, to 52,586.
European equities were also firmer. The FTSE 100 rose 45.21 points, or 0.42%, to 10,735.57; France's CAC 40 gained 66.50 points, or 0.85%, to 7,849.32; and Germany's DAX advanced 261.80 points, or 1.04%, to 25,443.45.
In commodities, crude retreated from last week's surge: Brent crude was down $1.90, or 1.63%, at $114.82, while WTI crude fell $2.08, or 2.0%, to $101.19. Gold futures rose 0.5% to $4,028.40 an ounce, supported by softer oil prices and renewed demand around the $4,000 level. The U.S. Dollar Index traded at 101.89, up 0.08%.
Hot News
- Oil pullback supports risk sentiment: Crude prices eased after last week's rally, helping U.S. futures stabilize. Brent and WTI remained near elevated levels as investors weighed diplomatic efforts involving Qatar and Iran against continued attacks on Saudi infrastructure. Read more
- AI spending remains the market's central debate: Investors are focusing on whether large-scale AI infrastructure investment is translating into earnings, margins and cash flow. About one-third of S&P 500 companies are due to report this week, with major hyperscalers in focus. Read more
- European stocks advance broadly: Gains in the DAX, CAC 40 and FTSE 100 added to a firmer global tone ahead of the U.S. open, with the DAX leading major European benchmarks by more than 1%.
- Brazil-linked U.S. listings tumble: U.S.-listed Brazilian companies sold off sharply after Luiz Inácio Lula da Silva won a fourth presidential term in a surprise result. Financials, consumer names and commodity-linked ADRs were among the heaviest pre-market decliners. Read more
- Gold rebounds above $4,000: Gold gained as the retreat in oil cooled some inflation concerns, while traders continued to position around the next interest-rate decision and the broader direction of real yields. Read more
U.S. Stock Focus
- Meta Platforms — $35 billion AI funding plan: Meta launched roughly $35 billion of public offerings, including about $22.5 billion of Class A common stock and about $12.5 billion of depositary shares tied to mandatory convertible preferred stock. The company also signaled a separate future at-the-market program of up to $60 billion after its new non-voting Class C shares begin trading. Read more
- Verizon — guidance raised after Q3 results: Verizon reported third-quarter operating revenue of $34.3 billion, adjusted EPS of $1.31 and free cash flow of $7.8 billion. Shares rose 2.4% pre-market after the company lifted its 2026 adjusted EPS outlook to $5.04–$5.06 and announced a more than $2 billion AI infrastructure agreement with AWS. Read more
- SpaceX — GPU financing lifts shares: SpaceX rose 1.1% pre-market to $149.12 after Elon Musk said the company secured a $40 billion debt financing arrangement to buy GPUs, tied to deliveries expected in the first and second quarters of 2027. Read more
- Moderna — cancer-vaccine data pressures stock: Moderna fell 9.3% pre-market as investors reacted to Phase 3 results for its personalized mRNA cancer vaccine candidate, developed with Merck. The INTerpath-001 trial showed a 42% reduction in melanoma recurrence or death, below the 49% reduction reported in an earlier Phase 2b study. Read more
- Surgery Partners — takeover report sparks rally: Surgery Partners surged more than 21% before the open after a report said Bon Secours Mercy Health agreed to take the company private. The reported deal values Surgery Partners at about $6 billion, including debt, with a transaction price near $20 per share. Read more
- Fair Isaac — analyst downgrades weigh: Fair Isaac dropped 4.5% pre-market after Wells Fargo downgraded the stock to Equal Weight from Overweight and cut its price target to $735 from $800. The downgrade followed concerns over near-term earnings and pricing power after FICO launched a bundled mortgage-score program. Read more
- CoreWeave — neocloud funding concerns hit shares: CoreWeave fell more than 5% pre-market after Elon Musk warned that debt markets had tightened sharply for AI data-center companies without substantial non-AI revenue. The move extended October weakness across AI infrastructure and cloud-compute names. Read more
- Nu Holdings — Brazil election shock drives ADR selloff: Nu Holdings fell alongside a 23%–29% range of losses across several major Brazilian financial ADRs after Lula's surprise election victory. Investors had been positioned for a different outcome and reassessed expectations for reforms, fiscal policy and interest rates. Read more
- Petrobras — political risk pressures shares: Petrobras plunged roughly 22% in pre-market trading alongside the broader selloff in U.S.-listed Brazilian assets, reflecting renewed concern over policy direction for state-linked companies and Brazil's fiscal outlook. Read more
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