U.S. stock futures rose late Sunday after Friday's slide in the Nasdaq Composite, even as calls for a 'Black Monday' crash trended. The Kobeissi Letter called selloff fears 'overdone,' noting the S&P 500 has climbed from about 5,500 to around 7,650 since May 2025, though it argues the market is in a 'stealth' bear market, with 84% of stocks at least 10% below record highs. S&P 500 futures rose 0.72% to 7,760, Nasdaq 100 futures gained 1.2%, and Dow futures added 0.44% to 52,446, after the S&P 500 closed 1.09% lower on Friday. Memory stocks came under pressure last week as investors balanced strong AI demand against rising interest rates, Chinese competition and uncertain supply. Polymarket traders priced a 7% chance of a U.S. recession by the end of 2026, while David Rosenberg of Rosenberg Research sees better-than-even odds of one within a year.
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Original headline: Dow Futures Rise Despite Black Monday Calls : Market Commentator Says Selloff Worries Are Overdone
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Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.31 |
| Change that session | -1.10% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 709.82 |
| Change that session | -2.50% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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