US stock futures rose Monday morning, with Dow futures up 0.4%, S&P 500 futures up 0.3% and Nasdaq-100 futures up 0.3%, after the S&P 500 and Nasdaq Composite each logged a second straight weekly loss. Brent crude fell below $110 a barrel after hitting its highest level since April amid escalating Middle East tensions, with Houthi attacks on Saudi Arabia keeping supply concerns in focus. The Federal Reserve is widely expected to hold rates steady at its meeting this week, though after hotter-than-expected inflation data, many experts expect Chair Kevin Warsh to lean toward a 'hawkish pause.' The ECB, Bank of Canada and Bank of Japan also hold policy meetings this week.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
S&P 500Fedinterest ratesoil pricesKevin Warsh
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Investors look to earnings to reset the bull market. The key level to watch on the S&P 500
The S&P 500 remains in an uptrend but is chopping around a flat 50-day moving average, a level first reached 11 weeks ago. AI-hardware stocks have sold off sharply, bank shares are trading poorly after results, credit markets are under strain, and the Nasdaq has retreated 5%. JP Morgan's Jason Hunter leans cautious, saying a further drop of about 2.5% to 7500 would cost the market the benefit of the doubt. The article recalls 2018, when the S&P 500 fell 19% in the fourth quarter of a midterm year even as earnings grew more than 20%, while tightening now comes from higher Treasury yields, wider credit spreads and a stronger dollar. Bank of America's Aditya Bhave maintains a non-consensus call for an October Fed rate hike, while Morgan Stanley's Mike Wilson argues Chairman Warsh should acknowledge the tightening.
- Vanguard Economist Says: Fed Rate Hikes Won't Hurt Stock Prices (Yet)
Vanguard Global Chief Economist Joe Davis says further Fed rate hikes are unlikely to seriously hurt the stock market or the economy, even after the Fed raised rates to 3.75% to 4% in September and Chair Kevin Warsh appears determined to fight inflation. According to Davis, the risk of significant earnings declines only emerges when rates go materially higher, north of 5%. The current fed funds rate of 3.88% is 76 basis points below its 50-year average of 4.64%. The article notes the S&P 500 has averaged 9.98% annualized returns since 1928, and the Vanguard S&P 500 ETF (VOO) delivered 13.75% annualized over the past five years, so long-term investors need not fear rate hikes enough to stop buying stocks.
- Tech rebound takes shine off FTSE as rate fears and Middle East tensions persist
Tech stocks have regained favour on the FTSE 100, easing some of the index's recent strength, as investors weigh possible rate hikes against stubborn inflation and Middle East tensions. Susannah Streeter of Wealth Club said Jensen Huang's defence of Nvidia's investment in CoreWeave had eased concerns over the AI infrastructure provider's debt, though doubts remain over whether AI spending will pay off if borrowing costs rise. Fed Chair Kevin Warsh gave an upbeat view of the US economy in Bangkok but no signal on the next rate decision. Oil remains supported by the conflict in the Middle East, with Brent crude around $105 a barrel. Wise shares fell in early trading despite raising its full-year revenue growth outlook to 17.5%–20%, after second-quarter net revenue rose 21% to $739 million, with growth slowing from 25% in the previous quarter and the cross-border take rate falling to 0.49%.
- Dow Jones Top Markets Headlines at 7 PM ET : U . S . Stocks Fall as Credit Fears Haunt Tech Sector | Warsh ...
U.S. stocks fell as fears grew that AI profits may not arrive soon enough to cover increasingly costly credit obligations of CoreWeave and other hyperscalers, weighing on tech. Fed chief Warsh avoided signaling the October rate decision after firm inflation data raised questions about the timing of the next increase. The U.S. budget deficit nearly hit $2 trillion, the largest since 2021 and an estimated 6.2% of GDP, while import prices rose 1.1% in September. Diesel prices stayed high as inventories sit near historic lows, and oil rose after Ukraine renewed attacks on Russian refineries while Middle East supply risks persisted. Other headlines covered China's proposed export controls on AI technologies, a France-Germany deal to protect Europe's car industry, rising Canadian housing starts in September, and a eurozone goods-trade deficit in August.
- North American Morning Briefing : Stock Futures Higher After Rate - Hike Fears Ebb
Stock futures rose after Fed Chair Kevin Warsh avoided hinting at an October rate move, which markets read as less hawkish. AI stocks stayed fragile, with CoreWeave down 4% premarket as its high borrowing costs weighed, while oil prices fell as traders assessed inventory data. Among stocks to watch, Alcoa rose more than 2% after higher profit and revenue, J.B. Hunt fell 1.3% despite beating expectations, and Tesla climbed nearly 5% after unveiling its second-generation Roadster. The report also covers Netflix replacing its chief content officer and Proofpoint agreeing to buy Varonis for about $6.3 billion, at $49.75 a share in cash.
- Fed Warsh surprised by world economy resilience
Fed Chair Kevin Warsh said on October 16 that the global economy has shown unexpected resilience against major shocks, as central banks fight surging inflation and rich countries face spiking bond yields. He linked rising inflation in many economies, including the US, to energy prices that have soared since the US launched war on Iran in February, along with a surge in AI investment. Warsh said central banks had tightened in sync with “no free riders,” and called AI the “most consequential change” to the global economy, with a “very bumpy” path ahead. The Fed raised rates in September for the first time in years, and Warsh declined to share his view on the October meeting.
Related markets
Latest news
- Bitcoin holds near $80,000 as oil retreats and the Fed decision looms
Bitcoin was near $80,400, little changed since midnight UTC after dipping to around $79,300 during the Asian morning. The DeFi index was the only CoinDesk index to gain, after Arthur Hayes said his Maelstrom fund sold its entire directional book, including 6,400 ether, due to macro and geopolitical risk. U.S. crude fell around 2% to near $101 a barrel and Brent slipped to around $110 as Qatari mediators arrived in Tehran. The Fed, which raised rates in September, decides on Wednesday, with CME's FedWatch showing a 90% chance of no change. Spot bitcoin ETFs saw $138 million of outflows on Friday, taking the two-day exit to $772 million.
- Gold prices today, Monday, October 26, 2026: Gold opens at 3-month lows at the start of Fed week
December gold futures opened at $4,012.20 per troy ounce on Monday, up 0.1% from Friday's close, and rose to $4,028.30 by 7:05 a.m. ET. The opening price was the lowest since July 20, 2026, as the two-day FOMC meeting concludes this week. Most expect the Fed to hold rates despite inflation above its 2% target, with CME FedWatch showing a 90.6% chance of no change this week and a 72.1% chance of a 25 basis point hike after the December meeting. The opening price was down 4.1% from a week earlier, 6.9% from a month earlier and 3.2% from a year earlier.
- Waraba Gold to Acquire 80% of the Tengrela PR-683 Licence, Adding 1,141 Drill Holes and 67,600 m of Drilling Next to Its Tengrela Project in Cote d'Ivoire and Announces Board Changes and RSU Grants
Waraba Gold has signed a binding share sale agreement to acquire 80% of Leo Resources SARL, which holds gold exploration licence PR-683 covering 212.66 km² in northern Côte d'Ivoire, from a subsidiary of Desert Metals (ASX: DM1). On completion, Waraba's combined Tengrela ground would be about 1,000 km², lying between Resolute's Syama mine camp and Perseus's Sissingué mine. The deal is all cash with no Waraba shares issued, with a maximum of A$5.0 million payable in stages; the largest payment, up to A$2.3 million, is due only if the licence is renewed beyond November 2027. Previous operators drilled 1,141 holes totaling about 67,600 m across the licence, including 355 holes at Podio, and SMEX will hold the remaining 20%.
- Oppenheimer raises Microsoft target ahead of earnings amid demand strength
Oppenheimer analyst Brian Schwartz raised his Microsoft price target to $625 from $570 and kept an Outperform rating ahead of fiscal first-quarter results, due October 28 after the U.S. market close. His research points to strong enterprise demand, with infrastructure availability rather than demand the main constraint on Azure growth. He projects revenue of $90 billion, up 16% year over year, and GAAP EPS of $4.69, versus Wall Street expectations of $90.75 billion and $4.72. Microsoft plans to double data-center capacity over two years, and Copilot is expanding beyond seat-based monetization. Schwartz flagged fiscal 2027 capital expenditure as a key risk to monitor.
- Barclays upgrades Tesla, says SpaceX merger “now a key part of bull case”
Barclays upgraded Tesla to Overweight from Equal Weight and raised its price target to $450 from $370, citing a potential SpaceX merger and early signs of a Robotaxi inflection. Analyst Dan Levy said the widely expected deal could support the stock, but the narrative should not rest on M&A alone. Tesla's energy business is nearly sold out for 2027 on data-center demand. Musk said the companies had formed special committees to discuss a merger, and Levy views the deal as effectively settled and a key part of the Tesla bull case. Levy sees an all-stock SpaceX acquisition as the most likely structure, which would need approval from more than 50% of each company's total voting power.
- Live news: Brent Crude slides below $110 as Iran deal hopes grow and Brazil stocks sink
Brent crude is down more than 6% from Friday’s high and trades just below $110 a barrel as hopes of a US–Iran deal ease fears of further escalation. The Financial Times reports that Iran is hosting officials from Saudi Arabia, Pakistan and Turkey after a visit by Qatari officials. Brazil’s stock market fell 20% after President Luiz Inácio Lula da Silva unexpectedly secured a fourth term, and the iShares MSCI Brazil ETF is down 26% in pre-market trading. Bitcoin is holding just above $80,000, gold trades slightly above $4,000 an ounce, the US Dollar Index remains just below 102, and the 10-year Treasury yield sits just below 5%. This week, Microsoft and Amazon report quarterly earnings, alongside interest-rate decisions from the Federal Reserve, Bank of Japan and European Central Bank.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.