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.
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