Stock futures are little changed with key corporate earnings on deck: Live updates

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Traders enactment connected the level of the New York Stock Exchange during greeting trading successful New York City.

Michael M. Santiago | Getty Images

Stock futures were small changed Monday arsenic investors waited to measure whether the adjacent batch of cardinal firm net could powerfulness the marketplace to much records.

Futures connected the Dow Jones Industrial Average slipped 0.2%. S&P 500 scale futures roseate 0.2%, portion Nasdaq-100 futures gained 0.3%.

Bank of America, Goldman Sachs and Johnson & Johnson study their latest results connected Tuesday earlier the marketplace opens, while Morgan Stanley and United Airlines are acceptable to merchandise results Wednesday. Walgreens Boots Alliance, Netflix and Procter & Gamble are besides scheduled to station net this week.

Those reports volition travel aft JPMorgan Chase and Wells Fargo kicked disconnected the third-quarter net play connected a precocious note. The aboriginal signs of a betterment successful banking profits helped propulsion the broader marketplace to all-time highs astatine the extremity of past week. The S&P 500 closed supra 5,800 for the archetypal time, portion the blue-chip Dow besides reached an all-time high.

So far, 30 S&P 500 companies person posted results, beating the net statement by astir 5% connected average, according to Bank of America. That's amended than the 3% bushed astatine this clip past quarter. Still, Bernstein believes that this quarter's year-over-year net per stock maturation complaint volition inactive travel successful "much lower" than past quarter's.

Despite the marketplace climbing to caller heights, investors stay anxious against a backdrop of a closely-contested statesmanlike predetermination successful 3 weeks, abruptly rising Treasury yields, uncertainty astir the gait of Federal Reserve argumentation easing and escalating geopolitical risks successful the Middle East.

Still, "the Big 4 macro tailwinds (stimulus, resilient growth, disinflation, and steadfast firm performance) are all inactive successful spot and they're almighty enough to overcome affluent valuations and geopolitical risks, keeping the SPX connected an upward trajectory," Adam Crisafulli, laminitis of Vital Knowledge, said successful a enactment Sunday.

The S&P 500 has gained astir 22% this year, excluding reinvested dividends. The bull marketplace precocious turned 2 years old, and the benchmark has rallied astir 63% successful full since hitting a closing debased successful October 2022. Treasury yields person risen lately too, with the benchmark 10-year enactment yield, utilized to cipher everything from mortgages to car loans, topping 4.1% past week.

On the information front, September retail income and Sept. concern accumulation figures are retired Thursday, followed by Sept. lodging starts and gathering permits Friday.

Flutter Entertainment, Boeing among the stocks making moves premarket

Some stocks are making large moves successful premarket trading:

Crypto stocks – Stocks linked to cryptocurrencies roseate arsenic Bitcoin soared supra $64,000 to commencement the week. Extending gains from the erstwhile session, MicroStrategy and Mara Holdings — formerly Marathon Digital — each gained much than 5%, while Coinbase advanced much than 3%.
Flutter Entertainment – The FanDuel genitor institution popped 4% aft Wells Fargo upgraded shares to overweight, saying that investors should see buying the banal pursuing the caller sell-off.
Boeing – Shares slumped 2.3% aft the level shaper announced Friday day that it plans to chopped astir 10% of its workforce, oregon astir 17,000 people. Boeing besides postponed the transportation of its still-uncertified 777X wide-body level and forecasted a wider-than-expected nonaccomplishment for the 3rd quarter. The institution is facing mounting losses amid an ongoing machinist strike.

Read here for the afloat list.

— Sean Conlon

Bond market, Fed closed for Columbus Day

Monday is Columbus Day successful the U.S., which impacts immoderate of the country's fiscal and economical institutions.

Here's what to cognize astir Monday:

The banal marketplace is open.
The enslaved marketplace is closed.
The Federal Reserve is closed.
There are nary cardinal economical releases connected the docket due to the fact that of the national holiday.

— Alex Harring

Mizuho ups terms people connected Broadcom, cites OpenAI partnership

A apt chipmaking declaration with OpenAI could boost shares of Broadcom much than 20% successful the coming months, according to Mizuho.

Analyst Vijay Rakesh upped its terms people to $220 from $190 a share, reflecting 21% upside from Friday's close. The banal is up much than 62% this year.

"New hardware platforms with OpenAI ChatGPT5+ - perchance a mammoth $16B/yr customized AI [application-specific integrated circuits] accidental 2H25-2026E," helium wrote.

— Samantha Subin

Goldman Sachs upgraded Ibotta, says shares could surge 30%

Goldman Sachs says it's clip to bargain shares of Ibotta.

"For IBTA, we spot an charismatic risk/reward arsenic we presumption existent valuation levels arsenic under-appreciating IBTA's guardant maturation accidental astir scaling 3P redemptions partnerships (Walmart, Instacart, etc.)," wrote Eric Sheridan, upgrading shares to a bargain rating.

The expert expects the integer selling institution backed by Walmart to payment from "increasing integer penetration" and increasing marketplace stock opportunities wrong U.S. market and advertizing segments.

Sheridan besides forecasts that gross tin turn 19% astatine a compounded yearly maturation complaint betwixt done 2028, driven predominantly by its third-party concern with Walmart, successful summation to caller partnerships with companies specified arsenic Instacart.

The steadfast maintained its $87 terms target, reflecting 30% upside from Friday's close. Shares went nationalist connected the New York Stock Exchange successful April.

— Samantha Subin

Bull marketplace present 2 years old

It's been 2 years since the existent bull marketplace began, and the gains person been impressive. Since hitting a closing debased successful October 2022, the S&P 500 has rallied 62.6%. On Friday, the wide marketplace scale besides closed supra 5,800 for the archetypal time.

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SPX since October 2022 low

— Fred Imbert

Goldman Sachs downgrades AppLovin, cites balanced risk-reward

Goldman Sachs is moving to the sidelines connected shares of AppLovin connected the heels of a blowout 2024 run.

The mobile exertion institution slumped 4% aft expert Eric Sheridan downgraded shares to neutral, noting the stock's 269% year-to-date gain.

"Against a banal terms of $143 (+113% vs the SPX +11% since the past net report), we present spot a much balanced risk/reward skew to the shares from existent levels," helium wrote.

Despite the standing change, Sheridan expects the company's concern to proceed to output "above average" advertizing and selling maturation and a "strong borderline profile" wrong mobile gaming.

Given the 2024 surge, helium upped the firm's terms people to $150 from $103 a share. The banal closed astatine $147 connected Friday.

— Samantha Subin

Morgan Stanley downgrades Caterpillar, says shares could autumn astir 20%

It's clip for investors to instrumentality a measurement backmost from shares of Caterpillar, according to Morgan Stanley.

Shares slumped much than 2% successful the premarket aft expert Angel Castillo downgraded shares to underweight and lowered the firm's terms target, citing troubles wrong the concern giant's operation industries (CI) business.

"We spot mounting risks of de-stocking successful CI and constricted offsets from mega projects, manufacturing costs oregon [energy and transportation]," helium said. "Combined with YTD show and a mid-cycle aggregate connected highest earnings, we spot rising net revision risk."

Castillo trimmed the firm's terms people to $332 from $349 a share, reflecting much than 17% downside from Friday's close. Shares are up 36% since the commencement of 2024.

— Samantha Subin

China's CSI 300 ends higher aft choppy trading arsenic investors digest stimulus plan

SINGAPORE — Asia-Pacific markets mostly roseate Monday, arsenic investors assessed China's play property briefing and awaited a slew of economical information this week from the region.

Mainland China's CSI 300 added 1.9% to adjacent astatine 3,691.3, pursuing a choppy trading session. Hong Kong's Hang Seng index was down 0.9% arsenic of its last hr of trade.

Australia's S&P/ASX 200 gained 0.47% to extremity astatine 8,252.8. Taiwan markets edged 0.32% higher to extremity astatine 22,975.29.

South Korea's blue-chip scale Kospi gained implicit 1% to decorativeness astatine 2,623.29, portion the small-cap Kosdaq scale ended astir level astatine 770.26.

— Anniek Bao