Futures rise, tech earnings this week, oil slips - what's moving markets

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Futures rise, tech earnings this week, oil slips - what's moving markets

Investing.com -- Stock futures on Wall Street rose on Monday ahead of a busy week highlighted by key earnings, monthly nonfarm payrolls figures, and the final frantic days of campaigning before the US presidential election on Nov. 5. Several technology titans are due to report their latest quarterly returns this week, in a potential test of the staying power of a recent rally in equities.

Meanwhile, commentary from these companies around artificial intelligence could sway how analysts are assessing a spike in investment in the nascent technology, with some strategists worrying that the heavy spending may not lead to immediate returns.McDonald's said over the weekend that beef patties were not the source of an E. coli outbreak stemming from its Quarter Pounders burgers that killed one person and sickened almost 75 others across multiple US states.

McDonald's is now set to resume distribution of fresh supplies for the Quarter Pounder, with the offering anticipated to be available once again in all restaurants in the coming week, the company said. Traders were betting that the increased political uncertainty will keep the Bank of Japan from hiking interest rates further, weighing on the yen.Oil prices fell sharply Monday after Israel's retaliatory strike on Iran over the weekend avoided Tehran's oil and nuclear facilities, easing geopolitical tensions in the Middle East.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stock futures steady as mega tech earnings loomUS stock futures steady as mega tech earnings loom
Source: Investingcom - 🏆 450. / 53 Read more »