{"id":85168,"date":"2026-11-02T17:17:06","date_gmt":"2026-11-02T06:17:06","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=85168"},"modified":"2026-11-02T17:17:08","modified_gmt":"2026-11-02T06:17:08","slug":"monday-2nd-october-2026-u-s-stock-futures-rise-ahead-of-earnings-jobs-data-and-midterm-elections","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/monday-2nd-october-2026-u-s-stock-futures-rise-ahead-of-earnings-jobs-data-and-midterm-elections\/","title":{"rendered":"Monday 2nd October 2026: U.S. Stock Futures Rise Ahead of Earnings, Jobs Data and Midterm Elections"},"content":{"rendered":"\n

Global Markets:<\/strong><\/h3>\n\n\n\n

\u25cf         Asian Stock Markets : Nikkei up 0.32%, Shanghai Composite up 1.16% Hang Seng up 0.62% ASX down 0.57%<\/p>\n\n\n\n

\u25cf        Commodities : Gold at $3,917.95 (0.48%) Silver at $50.165 (-1.80%), Brent Oil at 109.71 (-3.28%), WTI Oil at 100.61 (-3.38%)<\/p>\n\n\n\n

\u25cf        Rates : US 10-year yield at 4.917, UK 10-year yield at 5.2910, Germany 10-year yield at 3.3185<\/p>\n\n\n\n

News & Data:<\/strong><\/h3>\n\n\n\n

\u25cf        (USD) Employment Cost Index q\/q  0.8% to 0.8%  expected<\/p>\n\n\n\n

Markets Update:<\/strong><\/h3>\n\n\n\n

U.S. stock futures edged higher on Sunday as investors prepared for a busy week featuring major corporate earnings, employment data and the upcoming midterm elections.<\/p>\n\n\n\n

S&P 500 futures rose 0.3%, while Nasdaq-100 futures gained 0.4%. Dow Jones Industrial Average futures advanced 116 points, or 0.2%.<\/p>\n\n\n\n

The gains followed a losing week on Wall Street, driven by renewed selling pressure in technology stocks as investors reassessed artificial intelligence spending prospects. The S&P 500 and Dow declined less than 1% for the week, while the Nasdaq Composite dropped 2%.<\/p>\n\n\n\n

Asian markets delivered mixed performances. Hong Kong\u2019s Hang Seng Index climbed 1.01%, while South Korea\u2019s Kospi advanced 0.69%. Japan\u2019s Nikkei 225 slipped 0.13%, and Australia\u2019s S&P\/ASX 200 fell 0.46%.<\/p>\n\n\n\n

Technology stocks initially gained momentum after Anthropic publicly filed for an initial public offering. However, concerns resurfaced after Alphabet and Microsoft issued lower-than-expected capital expenditure forecasts, while Amazon maintained its full-year spending guidance.<\/p>\n\n\n\n

Despite the pullback, some analysts remain optimistic about AI-related investments, citing improving earnings estimates and continued growth opportunities.<\/p>\n\n\n\n

Investors are also watching Tuesday\u2019s U.S. midterm elections, where Democrats are expected to gain control of the House of Representatives, while Senate control remains uncertain.<\/p>\n\n\n\n

Economic data will also take centre stage, with October\u2019s nonfarm payrolls report due Friday. Economists expect the economy to add 55,000 jobs.<\/p>\n\n\n\n

Among major corporate reports, Apple is scheduled to release earnings Monday, followed by McDonald\u2019s and Qualcomm later in the week.<\/p>\n\n\n\n

 Upcoming Events:<\/strong><\/p>\n\n\n\n

\u25cf       3:00 PM    GMT   –   USD  ISM Manufacturing PMI<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Markets: \u25cf         Asian Stock Markets : Nikkei […]<\/p>\n","protected":false},"author":8,"featured_media":79441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-85168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/85168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=85168"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/85168\/revisions"}],"predecessor-version":[{"id":85169,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/85168\/revisions\/85169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/79441"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=85168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=85168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=85168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}