U.S. stock futures rose early Monday as investors anticipated quarterly results from Big Tech companies and a potential Federal Reserve rate cut later this week. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 1.11%, 0.83%, and 0.66%, respectively, at 4:03 a.m. EDT on October 27.
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During Friday’s regular trading session, all three major indexes finished at record highs, backed by the cooler-than-expected inflation data from the Bureau of Labor Statistics, fueling expectations for further monetary easing.
For the full week, the Dow climbed 2.20%, the S&P 500 added 1.92%, and the tech-focused Nasdaq 100 rose 2.18%, reflecting broad optimism across sectors.
Traders now await the Federal Reserve’s policy meeting scheduled for October 28–29, with markets pricing in at least a 25-basis-point rate cut.
Simultaneously, attention is turning toward the earnings season, with several members of the “Magnificent 7” reporting this week. These include results from Amazon (AMZN), Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), and Meta Platforms (META).
Other notable companies set to report this week include SoFi Technologies (SOFI), PayPal (PYPL), Visa (V), Mastercard (MA), UnitedHealth (UNH), Boeing (BA), and Starbucks (SBUX).
Notably, the U.S. 10-year Treasury yield was up, floating near 4.03%. WTI crude oil futures were trending lower, hovering near $61.48 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price decreased to nearly $4,067 per ounce on Monday.
In Europe, stocks opened mostly higher on October 27, supported by optimism over the Federal Reserve’s expected rate cut and a meeting between U.S. President Donald Trump and Chinese President Xi Jinping.
Asia-Pacific Markets Traded Higher Today
Asia-Pacific markets traded higher on Monday following White House comments indicating progress toward a “framework” trade deal with China.
The prospective deal would halt planned 100% tariffs on Chinese imports from November 1 and outline terms for resolving TikTok’s U.S. operations. In return, China is expected to delay new export controls on rare earth minerals and increase purchases of U.S. agricultural products, including soybeans.
Hong Kong’s Hang Seng index advanced 1.02%. In China, the Shanghai Composite rose 1.18%, and the Shenzhen Component gained 1.42%. Meanwhile, Japan’s Nikkei climbed 2.46%, and the Topix added 1.70%, in anticipation of a meeting between Trump and Japanese Prime Minister Sanae Takaichi.
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