US Stock Futures Rise as Oil Drop Buoys Sentiment: Markets Wrap
US stock index futures are rising as oil prices decline, helping investors return to risk following a previous selloff. The Dow has soared more than 1,500 points after the midterm elections resulted in President Donald Trump's party losing sole control of Washington. While oil prices have fallen as much as 6%, a rout in chipmakers and AI-related tech stocks continues to weigh on overall market sentiment. Investors are now awaiting a busy week of earnings reports and jobs data.
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- ✓ US stock futures are rising.
- ✓ The Dow rose more than 1,500 points after the midterm elections.
- ✓ President Donald Trump's party lost sole control of Washington in the midterm elections.
What changed
The Dow rose over 1,500 points following the loss of sole Washington control by President Trump's party in the midterm elections.
Live updates
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US Stock Futures Rise as Oil Prices Drop
US stock index futures are rising as oil prices decline, helping investors return to risk following a previous selloff. The Dow has soared more than 1,500 points after the midterm elections resulted in President Donald Trump's party losing sole control of Washington. While oil prices have fallen as much as 6%, a rout in chipmakers and AI-related tech stocks continues to weigh on overall market sentiment. Investors are now awaiting a busy week of earnings reports and jobs data.
Why it matters
The market is reacting to a shift in political power following the midterms and hopes for diplomatic progress regarding the war in Iran. Persistent inflation has also driven global central bank action, including a recent rate hike by the Reserve Bank of Australia.
What is confirmed
- US stock futures are rising.
- Oil prices have declined.
- The Dow rose more than 1,500 points after the midterm elections.
- President Donald Trump's party lost sole control of Washington in the midterm elections.
- The Reserve Bank of Australia raised the cash rate to 4.85 per cent.
Still unconfirmed
- Oil prices dropped about 6%.
- Apple shares are falling ahead of earnings reports.
What to watch next
- Upcoming US jobs data
- Corporate earnings reports
- Further diplomatic developments regarding Iran
confidence 90%Sources used for this update (14)
- www.zerohedge.com — Futures Rise, Oil Slides As Iran's Supreme Leader Talks Peace And Shrugs Off Ras Tanura Attack
- Bloomberg — Asian Stocks to Fall as Tech Rout Fuels AI Fears: Markets Wrap
- CNBC — Stock futures tick higher ahead of busy week of earnings, jobs data and the midterm elections: Live updates
- WSJ — Stock Market Today: Stock Futures Recover After Friday's Selloff
- WSJ — Stock Futures Higher, Oil Lower as Investors Return to Risk
- Bloomberg — US Stock Futures Rise as Oil Prices Drop Easing AI-Led Selloff
- Yahoo Finance — Commerzbank Says Bond Futures Rise as Oil Prices Fall, US Equity Futures Higher
- Transport Topics — Oil prices decline on hopes for progress on Iran war efforts
- Investor's Business Daily — Stock Market Today: Dow Rises As Oil Prices Dive; Apple Falls Ahead Of Earnings (Live Coverage)
- Reuters — SNAPSHOT US stock index futures jump as oil falls about 6%
- www.swissinfo.ch — US Stock Futures Rise as Oil Slump Buoys Sentiment: Markets Wrap
- www.bnnbloomberg.ca — Stock market today: U.S. futures rebound as oil prices retreat
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