Dow, S&P 500, Nasdaq futures climb as November kicks off with earnings, AI, Fed in focus

US stock futures rose Sunday evening as Wall Street looked to extend last month’s momentum into November.

S&P 500 futures (ES=F) and Nasdaq 100 futures (NQ=F) both gained around 0.4%. Dow Jones Industrial Average futures (YM=F) added about 0.3%.

Wall Street is looking to keep up a rally that raged throughout October. The S&P 500 (^GSPC) rose 2.3% last month, the Dow (^DJI) climbed 2.5%, and the Nasdaq Composite (^IXIC) surged 4.7% as investors piled into growth and AI-linked names, with Big Tech and the “Magnificent Seven” leading market moves. Optimism around easing US-China trade tensions also fueled gains.

Still, investors are keeping an eye on Washington. The US government shutdown continues to delay key economic data, including the jobs report that was slated for release this week. Meanwhile, the Supreme Court is set to hear arguments this week on the legality of President Trump’s most sweeping tariffs.

Earnings season continues in full swing. Roughly 300 S&P 500 companies have now reported third-quarter results. Another 100-plus reports are due this week, including from Palantir (PLTR), Super Micro (SMCI), and AMD (AMD).

With the lack of government data, releases this week from the manufacturing and services sectors from the Institute for Supply Management and S&P Global could hold more weight than normal. The University of Michigan’s customer sentiment report due out Friday will also be examined as fears begin to mount about consumer pullback.