Wall Street futures pointed higher pre-bell Monday as traders waded back into tech shares after recent declines, ahead of another heavy week of earnings reports.
In the futures, the S&P 500 rose 0.6%, the Nasdaq inclined 1.2% and the Dow Jones was steady.
Aiding sentiment, West Texas Intermediate crude oil traded down 0.6% to $98.48 a barrel, and 10-year US Treasury yields eased modestly to 5.08%, in morning action.
The VanEck Semiconductor fund (SMH) traded up 2.7% pre-bell.
On the earnings scene, blue chips reporting results later this week include Meta Platforms (META), Tesla (TSLA), SpaceX (SPCX), Lam Research (LRCX), Texas Instruments (TXN), International Business Machines (IBM), Western Digital (WDC), Netflix (NFLX), GE Aerospace (GE), RTX (RTX), Lockheed Martin (LMT), Philip Morris International (PM), Union Pacific (UNP), Procter & Gamble (PG), and American Express (AXP), among others.
An estimate of corporate earnings in Q3 is running 29% above year-ago levels for S&P 500 companies, reported FactSet.com.
Investors look forward to a relatively light week of economic releases this week, with the S&P Global composite purchasing managers index flash report for October slated for Friday.
Asian exchanges traded mixed and muted overnight, after China reported Q3 gross domestic product rose 4.5% on year, in line with Beijing plans.
European bourses tracked lower midday on the continent, undercut in part by street turmoil in France.
On the US economic calendar for Monday is the housing market index for October, at 10 am ET.
In pre-market action, bitcoin traded at $82,251, and spot gold commanded $4,166 an ounce.
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