{"id":48294,"date":"2024-10-28T14:28:29","date_gmt":"2024-10-28T14:28:29","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-futures-rise-ahead-of-big-tech-earnings-and-key-economic-data\/48294\/"},"modified":"2024-10-28T14:28:29","modified_gmt":"2024-10-28T14:28:29","slug":"stock-market-today-futures-rise-ahead-of-big-tech-earnings-and-key-economic-data","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-rise-ahead-of-big-tech-earnings-and-key-economic-data\/48294\/","title":{"rendered":"Stock Market Today: Futures Rise Ahead of Big Tech Earnings and Key Economic Data"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-rise-ahead-of-big-tech-earnings-and-key-economic-data\/48294\/#Market_Overview_October_28_2024\" >Market Overview: October 28, 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-rise-ahead-of-big-tech-earnings-and-key-economic-data\/48294\/#Major_Indexes_and_Market_Sentiment\" >Major Indexes and Market Sentiment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-rise-ahead-of-big-tech-earnings-and-key-economic-data\/48294\/#Upcoming_Earnings_and_Market_Events\" >Upcoming Earnings and Market Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-rise-ahead-of-big-tech-earnings-and-key-economic-data\/48294\/#Economic_Indicators_to_Watch\" >Economic Indicators to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-rise-ahead-of-big-tech-earnings-and-key-economic-data\/48294\/#Global_Market_Trends\" >Global Market Trends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-rise-ahead-of-big-tech-earnings-and-key-economic-data\/48294\/#Oil_Market_Developments\" >Oil Market Developments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-rise-ahead-of-big-tech-earnings-and-key-economic-data\/48294\/#Looking_Ahead\" >Looking Ahead<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Overview_October_28_2024\"><\/span>Market Overview: October 28, 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of 4:08 a.m. EST on Monday, October 28, 2024, U.S. stock futures are signaling a positive start to the trading week. <b>Futures on the Nasdaq 100 (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NDX\">NDX<\/a>), <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SPX\">SPX<\/a>), and <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DJIA\">DJIA<\/a>) are up 0.68%, 0.53%, and 0.47%, respectively<\/b>. This upward trend comes as investors eagerly anticipate a week packed with third-quarter earnings reports from major tech giants and crucial economic data releases.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_and_Market_Sentiment\"><\/span>Major Indexes and Market Sentiment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The stock market&#8217;s performance has been mixed in recent days. While the Nasdaq Composite hit an all-time high on Friday, both the S&#038;P 500 and Dow Jones Industrial Average snapped their six-week winning streaks. This divergence highlights the current focus on technology stocks, particularly as we enter a critical earnings week for the sector.<\/p>\n<p><b>The tech-heavy Nasdaq has been buoyed by strong performances from companies like Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>), which saw a significant rally last week<\/b>. Investors are now turning their attention to upcoming earnings reports from other tech giants, with shares of Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>), Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>), and Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>) all showing gains in anticipation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Earnings_and_Market_Events\"><\/span>Upcoming Earnings and Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This week marks a pivotal moment in the third-quarter earnings season, with several high-profile companies set to report their results. <b>The &#8220;Magnificent 7&#8221; tech companies taking center stage include:<\/p>\n<p>1. Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>)<br \/>2. Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>)<br \/>3. Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>)<br \/>4. Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>)<br \/>5. Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>)<\/b><\/p>\n<p>Other notable companies reporting this week are Intel (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=INTC\">INTC<\/a>), Advanced Micro Devices (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMD\">AMD<\/a>), McDonald&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MCD\">MCD<\/a>), Eli Lilly (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LLY\">LLY<\/a>), ExxonMobil (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XOM\">XOM<\/a>), and Starbucks (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SBUX\">SBUX<\/a>). These reports will provide crucial insights into the health of various sectors and the overall economy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Indicators_to_Watch\"><\/span>Economic Indicators to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors will be closely monitoring several key economic indicators this week:<\/p>\n<p>1. <b>September&#8217;s Core Personal Consumption Expenditures (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PCE\">PCE<\/a>) report<\/b><br \/>2. <b>Third-quarter GDP growth estimate<\/b><br \/>3. <b>October&#8217;s Nonfarm Payrolls<\/b><br \/>4. <b>October&#8217;s Unemployment Rate<\/b><br \/>5. <b>October&#8217;s ISM Manufacturing Purchasing Managers Index<\/b><\/p>\n<p>These releases will offer valuable insights into the U.S. economy&#8217;s health and could significantly influence market sentiment and Federal Reserve policy decisions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Trends\"><\/span>Global Market Trends<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Asian markets showed mixed performance on Monday, with Japanese stocks experiencing significant gains. The Nikkei 225 jumped about 1.8% as the yen weakened to a three-month low against the dollar, potentially benefiting the country&#8217;s export-oriented economy.<\/p>\n<p>In China, industrial profits in September saw a steep 27.1% year-over-year decline, marking the most significant drop since the start of the pandemic in March 2020. This data point raises concerns about the ongoing challenges facing the world&#8217;s second-largest economy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oil_Market_Developments\"><\/span>Oil Market Developments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Oil prices experienced a notable decline, with both Brent and West Texas Intermediate oil futures dropping more than 4% on Monday<\/b>. This decrease follows reports of limited damage from Israel&#8217;s strikes on Iranian military installations over the weekend, easing concerns about potential supply disruptions in the region. Citi has lowered its forecast for Brent oil prices by $4 to $70 per barrel over the next three months.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead\"><\/span>Looking Ahead<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we move through this crucial week, market participants will be keenly focused on the performance of major tech companies and the implications of upcoming economic data. The interplay between corporate earnings, economic indicators, and geopolitical developments will likely drive market sentiment and potentially set the tone for the remainder of the year.<\/p>\n<p>Investors should remain vigilant and prepared for potential market volatility as these significant events unfold. The stock market&#8217;s performance in the coming days could provide valuable insights into the broader economic outlook and the trajectory of various sectors as we approach the end of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: October 28, 2024 As of 4:08 a.m. EST on Monday, October 28, 2024, U.S. stock futures are signaling 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