U.S. stock futures advanced on Monday, as investors eyed progress on an infrastructure bill, merger activity and a sign that central bank stimulus may continue.
Last week, the major stock market indexes dropped, with the S&P 500 SPX, -0.54% losing 0.4% and Nasdaq Composite COMP, -0.71% dropping 1.1%, after the megacap tech companies reported quarterly results.“The stars have aligned for stock markets, with a stellar earnings season being complemented by record-low real yields and hopes that Congress will deliver more fiscal juice soon,” said Marios Hadjikyriacos, senior investment analyst at XM. U.
The September jobs data won’t come until Oct. 8, according to the Labor Department’s calendar of releases, and the next Federal Open Market Committee meeting after that will end Nov. 3.
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