Stock futures rise slightly ahead of first trading day of November, as investors await key Fed meeting

Stocks closed out the month of October on Friday and all three major averages closed at record highs. The S&P 500 and Nasdaq clinched their best months since November 2020.

Corporate earnings season dominated October amid solid earnings even with global supply chain concerns. About half of the S&P 500 companies have reported quarterly results and more than 80% of them beat earnings estimates from Wall Street analysts, according to Refinitiv. Investors will also be looking for the Fed's comments on rising prices as inflation has been running at a 30-year high.

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