Futures edge up, earnings this week - what's moving markets
Investing.com -- Stock futures on Wall Street inch higher to begin the trading week, with investors digesting the implications of recent economic data on future Federal Reserve policy decisions and looking ahead to a fresh batch of corporate earnings. Elsewhere, China's Ant Group wins approval from Beijing to release its AI model to the public, while the cash pile at Warren Buffett's Berkshire Hathaway (NYSE:BRKa) swells to a record high.
1. Futures point higher
U.S. stock futures edged up on Monday after equities on Wall Street posted their best week of trading so far this year.
By 04:52 ET (09:52 GMT), the Dow futures contract had added 28 points or 0.1%, S&P 500 futures moved up by 7 points or 0.2%, and Nasdaq 100 futures rose by 30 points or 0.2%.
Bond yields fell and the main indices rallied in the prior session following the release of weaker-than-anticipated U.S. employment data for October, bolstering investors' hopes that the Federal Reserve could refrain from further monetary policy tightening in the coming months.
Yields on the 2-year U.S. Treasury note touched a two-month low on Friday, while the 10-year yield hit its lowest mark in over five weeks. Prices tend to move inversely to yields.
The 30-stock Dow Jones Industrial Average climbed by 0.7%, the benchmark S&P 500 jumped 0.9%, and the tech-heavy Nasdaq Composite increased by 1.4%, lifting all three to their most winning weeks since 2022.
2. SoftBank, Walt Disney among key earnings this week
Japan's SoftBank (TYO:9984) is due to unveil its latest quarterly results on Thursday, with traders keen to see how the tech investment behemoth has been impacted by the listing of its chip designer Arm.
The bumper initial public offering of U.K.-based Arm in
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