{"id":85290,"date":"2026-11-05T18:37:07","date_gmt":"2026-11-05T07:37:07","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=85290"},"modified":"2026-11-05T18:37:08","modified_gmt":"2026-11-05T07:37:08","slug":"u-s-stock-futures-edge-higher-after-wall-street-rally-as-oil-prices-retreat-05-november-2026-ic-markets","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/u-s-stock-futures-edge-higher-after-wall-street-rally-as-oil-prices-retreat-05-november-2026-ic-markets\/","title":{"rendered":"U.S. Stock Futures Edge Higher After Wall Street Rally as Oil Prices Retreat | 05 November 2026 | IC Markets"},"content":{"rendered":"\n

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

\u25cf         Asian Stock Markets : Nikkei down 1.46%, Shanghai Composite up 0.10% Hang Seng up 3.01% ASX up 2.32%<\/p>\n\n\n\n

\u25cf        Commodities : Gold at $4,143.67 (1.73%) Silver at $53.000 (1.39%), Brent Oil at 93.77 (-0.91%), WTI Oil at 86.85 (-1.44%)<\/p>\n\n\n\n

\u25cf        Rates : US 10-year yield at 4.843, UK 10-year yield at 5.1368, Germany 10-year yield at 3.2866<\/p>\n\n\n\n

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

\u25cf        (USD) ISM Services PMI<\/p>\n\n\n\n

         54.5 to 54.8  expected<\/p>\n\n\n\n

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

U.S. equity futures moved higher on Wednesday evening following a strong Wall Street rally driven by falling oil prices and greater clarity surrounding the Democrats’ midterm election victories.<\/p>\n\n\n\n

Dow Jones Industrial Average futures gained 90 points, or 0.2%. S&P 500 futures advanced 0.1%, while Nasdaq-100 futures were little changed.<\/p>\n\n\n\n

In after-hours trading, Qualcomm shares dropped 6.5% despite reporting better-than-expected earnings. Meanwhile, AppLovin surged nearly 24% after beating earnings estimates and issuing stronger-than-expected guidance.<\/p>\n\n\n\n

During Wednesday’s regular session, the Dow jumped more than 1,500 points, or 3%, marking its strongest daily performance since April 2025. The S&P 500 climbed 1.6% as West Texas Intermediate crude futures plunged more than 8% to settle at $88.12 per barrel.<\/p>\n\n\n\n

Investors also reacted to the Democrats securing majorities in both chambers of Congress and winning several gubernatorial races. Vice President JD Vance attributed Republican losses partly to the Iran war.<\/p>\n\n\n\n

Asian markets delivered mixed performances on Thursday. Japan’s Nikkei 225 rose 0.49%, while Australia’s ASX 200 gained 1.39%. South Korea’s Kospi declined 2.33%.<\/p>\n\n\n\n

Investors will monitor weekly jobless claims on Thursday, followed by Friday’s October nonfarm payrolls report. Earnings from Tapestry, ConocoPhillips and Airbnb will also attract attention.<\/p>\n\n\n\n

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

\u25cf       12:30 PM    GMT   –   GBP  Official Bank Rate<\/p>\n\n\n\n

\u25cf       1:30 PM    GMT   –   USD   Unemployment Claims<\/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-85290","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\/85290","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=85290"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/85290\/revisions"}],"predecessor-version":[{"id":85300,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/85290\/revisions\/85300"}],"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=85290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=85290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=85290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}