(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)
US equity futures were edging mostly higher pre-bell Monday as traders observed technology-related stocks rising following recent declines and anticipated a packed week of corporate earnings.
Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were up 0.5%, and Nasdaq futures were 1.3% higher.
JPMorgan Chase (JPM) said it deployed $5 billion in equity investments and financed or facilitated more than $230 billion in transactions in the first year of its $1.5 trillion Security and Resiliency Initiative.
Fifth Third Bancorp (FITB) kicked off corporate earnings this week, posting Q3 adjusted earnings that surpassed analysts' consensus.
Slated to report their financial results this week are GE Aerospace (GE), SpaceX (SPCX), Netflix (NFLX), RTX (RTX), Meta Platforms (META), Tesla (TSLA), Lam Research (LRCX), Philip Morris International (PM), SAP (SAP), Procter & Gamble (PG), American Express (AXP), Texas Instruments (TXN), International Business Machines (IBM), and Union Pacific (UNP).
Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.3% at $108.45 per barrel and US West Texas Intermediate crude 1% lower at $97.99 per barrel.
The October US housing market index, slated for 10 am ET, is expected at 31, compared with 32 from the prior month, according to estimates compiled by Bloomberg.
In other world markets, Japan's Nikkei closed 0.6% lower and China's Shanghai Composite finished 0.4% higher. Hong Kong's Hang Seng was closed for a public holiday. Meanwhile, the UK's FTSE 100 was down 1.2%, and Germany's DAX index was 1.2% lower in Europe's early afternoon session.
In equities, stocks of Intel (INTC), Micron Technology (MU), and Broadcom (AVGO) were higher as part of a broader upswing in the semiconductor sector. Intel shares rose 4.1%, Micron Technology stock was up 3.7%, and Broadcom shares climbed 3.3%. Following a double-digit drop last week, CoreWeave (CRWV) stock was 7% higher after Goldman Sachs upgraded the company's stock to buy from neutral.
On the losing side, HDFC Bank (HDB) stock was down 4.4% despite the bank reporting higher fiscal Q2 standalone earnings and revenue. Barclays (BCS) shares fell 2.1% after a Financial Times report that the company is facing scrutiny from the Bank of England over allegations that traders misclassified derivatives linked to illiquid private credit loans, potentially understating risks and reducing capital requirements.
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