US Equity Futures Higher Pre-Bell as Traders Assess Oil Price Drop, Await AI-Related Earnings This Week

MT Newswires Live11-09

US equity futures were edging higher pre-bell Monday as traders noted the recent drop in oil prices and looked ahead to several key artificial intelligence-related corporate earnings slated for this week.

Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 0.6% higher.

China has effectively extended its trade truce with the US by two months, Reuters reported. The truce was set to expire on Tuesday. Several tariffs and trade-related measures, including an additional 24% tariff on US imports, will remain suspended until Jan. 10, 2027.

Traders digested the latest round of earnings, with KKR (KKR) posting higher Q3 adjusted net income and lower revenue.

Slated to report their financial results this week are CoreWeave (CRWV), Cisco Systems (CSCO), and Applied Materials (AMAT).

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3.3% at $95.09 per barrel and US West Texas Intermediate crude 2.6% lower at $88.44 per barrel.

The wholesale inventories bulletin for September is slated for release at 10 am ET.

Federal Reserve Vice Chair for Supervision Michelle Bowman, Chicago Fed President Austan Goolsbee, and Richmond Fed President Thomas Barkin are the Fed speakers on Monday.

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