Traders work on the floor of the New York Stock Exchange.
NYSE
Stock futures rose slightly in overnight trading Sunday ahead of a busy week for corporate earnings.
Futures linked to Dow Jones Industrial Average added 0.1%, while S&P 500 futures and Nasdaq-100 Futures gained 0.12% and 0.16%, respectively.
Stocks are coming out of a mixed session and week. He S&P 500 advanced 0.45% for the second consecutive positive week, while the Dow Jones Industrial Average gained 0.79%. He Nasdaq Composite it lost about 0.2% for the week and fell 1.23% during Friday's session, while the S&P fell 0.5% and the Dow rose 0.12%.
oil pricespecked more than 5% during Friday's session and recorded its best day since April, as the conflict between Israel and Hamas fueled some fears related to oil production in the region.
Meanwhile, Wall Street evaluated a series of reports from major financial firms, with JPMorgan Chase and Wells Fargo earning 1.5% and 3%, respectively.
Despite these mostly positive results, some on Wall Street are bracing for more volatility toward the end of the year as yields and oil prices rise, inflation remains sticky, and conflict ensues in the Middle East. said Eric Johnston, head of equity derivatives and cross-trading at Cantor Fitzgerald. asset.
"This situation in the Middle East shows that when you own stocks, you are taking risks," he told CNBC.Closing bell" on Friday. "As a result, you need to have good upside returns to justify that risk, because there are things that come out of nowhere, like this situation."
Weekend, Israel's military continued to urge residents to evacuate northern Gaza amid a widely expected ground invasion. Meanwhile, U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) said Sunday that the Senate would work to quickly advance a military aid package to help Israel in its fight against Hamas.
Earnings season heats up this week, with 11% of the S&P 500 scheduled to report results. Some notable names on deck include Johnson and Johnson, Bank of America, Netflix and tesla. Carlos Schwab will report results before the bell on Monday.
On the economic front, Wall Street awaits the Empire State Index for October due out on Monday.
