U.S. Stock Futures Steady as November Trading Begins Amid Earnings Optimism and AI Momentum

U.S. stock futures opened slightly higher on Monday, marking a steady start to November trading as investors digested solid corporate earnings and the ongoing buzz around artificial intelligence. Futures tied to the S&P 500 rose 0.17%, while Nasdaq-100 futures gained 0.26%. Dow Jones Industrial Average futures added 49 points, or about 0.1%, signaling cautious optimism on Wall Street.

The positive sentiment follows a strong October performance, with the S&P 500 and Dow Jones Industrial Average rising 2.3% and 2.5%, respectively. The tech-heavy Nasdaq Composite led the charge, surging 4.7% last month on renewed investor confidence in technology and AI-linked stocks. Analysts say easing U.S.–China trade tensions also contributed to the market’s upbeat tone.

So far, more than 300 S&P 500 companies have reported third-quarter results, with over 80% exceeding analyst expectations, according to FactSet data. This week, another 100-plus companies are set to release earnings, including AI-focused giants like Palantir and AMD. Tom Lee, head of research at Fundstrat, noted that the U.S. earnings picture remains “fundamentally strong,” driven by robust AI spending, blockchain innovation in financials, and the Federal Reserve’s dovish stance as it prepares to end quantitative tightening on December 1.

Historically, November has been one of the strongest months for U.S. equities. Data from the Stock Trader’s Almanac shows the S&P 500 averages a 1.8% gain during the month, reflecting a seasonal boost as investors position for year-end rallies. This optimism could provide fresh momentum for traders seeking to extend October’s winning streak.

However, uncertainty lingers in Washington, where the ongoing U.S. government shutdown has delayed key economic data releases, including the monthly jobs report. Meanwhile, the Supreme Court is set to hear arguments on the legality of the Trump-era tariffs — a decision that could shape the next phase of U.S.–China trade relations and broader market sentiment.

source: cnbc