Stock futures inch higher after S&P 500's best weekly winning streak since 2024: Live Update

Stock futures inch higher after S&P 500's best weekly winning streak since 2024: Live Update

NEW YORK, NEW YORK – OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City.

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U.S. stock futures were higher on Sunday night after the Dow Jones Industrial Average and S&P 500 marked their best weekly winning streaks since 2024.

Dow Jones Industrial Average futures rose 44 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures rose 0.13% and 0.16%, respectively.

The moves came after both the S&P 500 and the 30-stock Dow registered all-time highs on Friday, cementing a sixth straight weekly advance that was the best this year for both benchmarks. The S&P 500 ended the week 0.85% higher, while the Dow gained 0.96%. The Nasdaq Composite rose 0.80%.

Whether stocks can hold on to those gains may depend on whether companies beat expectations this earnings season, which is set to ramp up this week. About one-fifth of S&P 500 companies are set to report by Friday

So far, the results have been mixed. Of the 14% of S&P 500 companies that have already posted third-quarter results, 79% beat expectations, according to FactSet's John Butters. However, the magnitude of those bits was even lower, he noted.

Investors optimistic on recent winning streaks should drive equities further. Still, they think the extended assessment ahead of the US presidential election and rising geopolitical risks could mean more fragmentation.

“If we don't really get that kind of confirmation that the market is worth these highs, you know, then we're going to see the digestion of profits fairly soon,” said Sam Stovall, chief investment strategist at CFRA Research.

Elsewhere, on the economic front, leading indicators for September will be released on Monday, at 10 a.m. ET

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