Stock marketplace news live updates: Stock futures deposit after S&P 500, Dow record record highs

Stock futures non-stop somewhat aloft Monday evening, steadying nearby record levels as investors awaited another large set of gain and mercantile data. 

The SP 500 and Dow had any reached all-time highs during Monday’s session, with equity investors proof volatile even in a face of ongoing supply sequence hurdles and towering inflationary pressures. 

The Nasdaq Composite jumped by 0.9%, entrance within 1% of a possess record shutting high as shares of Tesla (TSLA) rallied for a fourth true session, bringing a stock’s marketplace capitalization above $1 trillion for a initial time. Technology bonds also gained broadly as investors awaited gain formula from a likes of Alphabet (GOOGL), Twitter (TWTR) and Advanced Micro Devices (AMD) on Tuesday, and other tech heavyweights including Amazon (AMZN) and Apple (AAPL) after this week.

Facebook (FB) shares gained in late trade even after a association posted churned third-quarter formula and income superintendence that missed expectations. The amicable media hulk also pronounced it would be changing a stating structure to mangle out Facebook Reality Labs in a possess apart segment, following a company’s plenty investment in building out a practical existence products and metaverse. It remarkable it approaching investment in Facebook Reality Labs to revoke altogether handling distinction by about $10 billion this year. 

Stocks have jumped so distant in Oct as investors during slightest temporarily shook off concerns over rising submit and labor costs, and widespread shortages, for companies opposite a extended operation of industries. Even given these pressures, many companies have managed to surpass Wall Street’s gain expectations in their latest quarterly results, that mostly reflected companies’ abilities to catch or pass on heightened costs during slightest for a time being. 

With gain rolling in this month, a SP 500 has so distant gained 6% in October, and is streamer for a best month given Nov 2020. 

“The SP 500 Index has gained some-more than 20% so distant this year, creation some-more than 50 record highs along a way. Certainly nobody should be dissapoint with that lapse if that was all 2021 brought us,” Ryan Detrick, Chief Market Strategist for LPL Financial, wrote in an email. “However, we see signs that there could be some-more gains to come in a final dual months of a year.”

“Seasonal tailwinds, improving marketplace internals, and transparent signs of a rise in a Delta various all yield intensity fuel for equities streamer into year-end, and we say a overweight equities recommendation as a result,” he added. 

6:03 p.m. ET Monday: Stock futures parasite up

Here’s where markets were trade as a overnight event kicked off: 

  • SP 500 futures (ES=F): +6 points (+0.13%), to 4,564.00

  • Dow futures (YM=F): +22 points (+0.06%), to 35,642.00

  • Nasdaq futures (NQ=F): +33 points (+0.21%) to 15,528.75

Traders work on a building of a New York Stock Exchange (NYSE) in New York City, U.S., Oct 18, 2021.  REUTERS/Brendan McDermid

Emily McCormick is a contributor for Yahoo Finance. Follow her on Twitter

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