U.S. equity futures moved higher in early Monday trading, following last week's slump that pushed the S&P 500 into correction territory, but global risk appetite remains cautious as Israel moves into ground assault on Hamas into a second phase and investors brace for a huge weeks of headline risk on Wall Street.
Investors are likely to track the bond market again this week, given the plethora of central bank decisions expected over the next five days, including the Federal Reserve on Wednesday, as well as a key statement on near-term borrowing forecasts from the Treasury. Stocks may still struggle to find favor over the coming week, however, given the swings expected in the bond market amid another busy session for corporate earnings, with 162 S&P 500 companies expected to report this week, including a crucial fourth quarter update from Apple AAPL after the close of trading on Thursday.
The tech-focused Nasdaq, which is down 4.36% over the month of October, is looking at a 120 point opening bell gain.
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