Stock futures rise ahead of Fed decision

U.S. stock futures climbed Sunday night as investors anticipated a Federal Reserve rate cut and a busy week of Big Tech results.

S&P 500 futures rose 0.7%, Nasdaq 100 futures gained 0.9%, and Dow futures added about 290 points, or 0.6%. Markets widely expect the Fed to lower rates on Oct. 29 after softer inflation data, with most traders betting on a cut to 3.75%–4.00%, according to the CME FedWatch Tool.

Alphabet, Amazon, Apple, Meta, and Microsoft will report third-quarter earnings this week, with analysts expecting strong results after upbeat Q3 trends.

Meanwhile, Presidents Donald Trump and Xi Jinping are set to meet Thursday in South Korea to discuss trade. Treasury Secretary Scott Bessent called the talks “constructive,” and analysts say a breakthrough deal could boost tech stocks.

All three major indexes hit record highs Friday, with the Dow closing above 47,000 for the first time.