Futures Edge up as Markets Face Earnings, Jobs and Election Risks

WHO:

Yahoo Finance - Apple, Nvidia and Palantir were named among companies in focus; Apple and Palantir were scheduled to report earnings.

CNBC - Warren Pies of 3Fourteen Research said, “I just don't see anything broken with the AI trade fundamentally,” adding, “Technicals are another story.”

CNBC - Mike Dickson, Horizon’s head of research and quantitative strategies, said investors saw “plenty of return potential in other types of stocks.”

CNBC - Democrats were expected to take control of the House of Representatives; control of the Senate was uncertain.

WHAT:

Yahoo Finance - S&P 500, Nasdaq 100 and Dow futures opened up between 0.2% and 0.4%.

CNBC - S&P 500 futures rose 0.3%, Nasdaq-100 futures gained 0.4%, and Dow-linked futures added 116 points, or 0.2%.

Yahoo Finance - The biggest AI and chip stocks lost about $5 trillion in market value since Oct. 6, by Yahoo Finance calculations; 625 other large U.S. stocks added about $1.3 trillion.

Yahoo Finance - The S&P 500 fell about 0.6% last week, while nine of its 11 sectors rose about 1% or more. Yahoo Finance said no other down week for the index since at least 1999 had more than seven advancing sectors.

CNBC - The S&P 500 and Dow each fell less than 1% last week; the Nasdaq Composite fell 2%. In October, the Nasdaq had its worst losses since March 2025, while the Dow rose almost 2%.

Yahoo Finance - Apple closed at about $5.03 trillion in value, ahead of Nvidia at about $4.93 trillion. Apple was the only “Magnificent Seven” stock outperforming the S&P 500 this year, rising about 27% versus about 11%.

CNBC - Anthropic publicly filed for an IPO. Alphabet and Microsoft issued lower-than-expected capital-expenditure forecasts; Amazon left its full-year capital-expenditure guidance unchanged.

Yahoo Finance - West Texas Intermediate crude opened lower after settling above $104 a barrel, its highest close since mid-September.

Yahoo Finance - OPEC+ kept its December output targets steady.

CNBC - Economists polled by Dow Jones expected October nonfarm payrolls to increase by 55,000 jobs.

CNBC - McDonald’s and Qualcomm were also scheduled to report earnings during the week.

WHERE:

Yahoo Finance - The Strait of Hormuz remained effectively shut amid the Iran war.

CNBC - Asian markets fell: Japan’s Nikkei 225 0.54% and Topix 0.74%; South Korea’s Kospi 1.39% and Kosdaq 0.81%; Australia’s S&P/ASX 200 0.24%.

WHEN:

Yahoo Finance - Apple and Palantir earnings were scheduled after the bell Monday; voters were due to go to the polls Tuesday; the October jobs report was expected Friday.

CNBC - Apple was scheduled to report after Monday’s close; the midterm elections were scheduled for Tuesday and the jobs report for Friday.

WHY:

CNBC - Technology stocks faced selling pressure as investors scrutinized AI-related companies and concerns grew about AI spending after weaker capital-expenditure forecasts.

CNBC - Dickson said some investors worried that changes in Washington could affect markets, but noted stocks tend to remain steady regardless of which party controls Congress.

HOW:

Yahoo Finance - Yahoo Finance said internal AI tools helped analyze interview transcripts and research and draft its post; humans reviewed, edited and fact-checked it.

(UPDATED November 2, 2026 01:08 UTC)

U.S. stock futures edged higher as investors scrutinized AI spending and technology stocks. Major AI and chip companies have lost trillions, while other stocks gained. Apple and Palantir were set to report earnings, with elections and jobs data ahead.