Stock futures rally as investors gear up for jobs report, key earnings: Live updates
U.S. stock futures rose as investors prepared for upcoming labor market data and corporate earnings reports. Market sentiment was also influenced by geopolitical developments involving Iran and new AI model announcements from Alibaba.
Why it matters
The report provides a snapshot of investor sentiment and economic expectations, which are key indicators for global financial market stability.
U.S. equity futures rose early Monday as investors awaited the July jobs report and another busy week of earnings to kick off August trading.
Futures tied to the Dow Jones Industrial Average rallied 333 points, or 0.63%. S&P 500 futures advanced 0.49%, and Nasdaq-100 futures climbed 0.53%.
U.S. shares of Alibaba rose 4.6% in premarket trading after the Chinese internet and e-commerce mainstay unveiled a powerful new AI model, Qwen3.8-Max, which it said is on par with Anthropic's Fable5. Palantir , which is set to report its second-quarter earnings after Monday's market close, was up 3.2% in premarket trading.
Advanced Micro Devices , McDonald's , Kraft Heinz , Costco Wholesale and Walt Disney are also due to report their latest corporate earnings this week.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in