U.S. stock futures fell on Monday following Friday’s positive moves. Futures of major benchmark indices were lower.
On Sunday, President Donald Trump said media mogul Lachlan Murdoch and tech leaders Oracle Corp.‘s (NYSE:ORCL) co-founder Larry Ellison and Dell Technologies Inc.‘s (NYSE:DELL) CEO Michael Dell will take part as investors in a proposed deal to transfer TikTok‘s U.S. operations from Chinese parent ByteDance to American ownership.
Speaking on Fox News’ Sunday Briefing, Trump praised the group and called them “American patriots,” reported Reuters. He also credited TikTok with helping him connect with younger voters during the 2024 presidential race.
On Friday, Trump confirmed he had spoken with Chinese President Xi Jinping, calling the conversation progress, and said the two leaders would meet at the Asia-Pacific Economic Cooperation summit in South Korea on Oct. 31.
Meanwhile, the 10-year Treasury bond yielded 4.12% and the two-year bond was at 3.57%. The CME Group’s FedWatch tool‘s projections show markets pricing a 91.9% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.
| Futures | Change (+/-) |
| Dow Jones | -0.26% |
| S&P 500 | -0.23% |
| Nasdaq 100 | -0.27% |
| Russell 2000 | 0.01% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, fell in premarket on Monday. The SPY was down 0.24% at $662.11, while the QQQ fell 0.38% to $597.07, according to Benzinga Pro data.
Cues From Last Session
Information technology, utilities, and communication services stocks recorded the biggest gains on Friday, as most sectors on the S&P 500 closed on a positive note. However, energy and real estate stocks bucked the overall market trend, closing the session lower. U.S. stocks settled higher, with the Dow Jones index hitting a fresh record high.
For the week, the S&P 500 gained 1.2%, while the Dow added 1% and the Nasdaq surged 2.2%.
Among mega-cap movers, Apple Inc. (NASDAQ:AAPL) jumped 3.2% on strong demand for the new iPhone 17. In China, preorders topped those of the iPhone 16 in just one minute, helping Apple shares climb above $245 to their highest level since late February 2025.
On the economic front, the Baker Hughes oil rig count rose by 2 to 418 in the latest week.
The Dow Jones index ended 173 points or 0.37% higher at 46,315.27, whereas the S&P 500 index rose 0.49% to 6,664.36. Nasdaq Composite advanced 0.72% to 22,631.48, and the small-cap gauge, Russell 2000, tumbled 0.77% to end at 2,448.77.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | 0.72% | 22,631.48 |
| S&P 500 | 0.49% | 6,664.36 |
| Dow Jones | 0.37% | 46,315.27 |
| Russell 2000 | -0.77% | 2,448.77 |
Insights From Analysts
Economist Justin Wolfers believes Federal Reserve Chair Jerome Powell is grappling with a significant policy dilemma stemming from President Trump’s trade and tariff actions.
“The problem that Powell faces right now is a very difficult one,” Wolfers explained in an MSNBC interview. “It is that tariffs have caused a slowdown in …