Stock futures climb as traders try to recover from the S&P 500's losing week: Live updates
Traders looked ahead to a busy week with the Federal Reserve's policy decision due on Wednesday.
TL;DR
- Stock futures indicated a positive start to the week, with traders focusing on upcoming central bank policy decisions.
- The Federal Reserve, European Central Bank, and Bank of Japan are scheduled to announce their interest rate decisions later this week.
- Asian markets showed mixed performance, with some indices gaining while others declined.
- Oil prices fell, reversing some of their recent gains, amid ongoing geopolitical tensions and concerns over demand destruction.
- France received a credit rating reprieve from Moody's, but the agency noted sustained fiscal effort is still required.
- SpaceX secured $40 billion in debt financing for AI chips, according to Elon Musk.
- Luiz Inácio Lula da Silva won Brazil's presidential election, though incumbent Jair Bolsonaro reportedly refused to concede.
- Major tech companies including Alphabet and Microsoft are set to release their quarterly earnings this week.