U.S. stocks rose at Monday's open, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all up roughly 0.4% in early trading, Yahoo Finance reported. The S&P 500 and Nasdaq are coming off their second straight week of losses, and the Dow fell 652.82 points on Friday, Sharecast reported.
What's moving markets
- Oil: Prices eased after last week's run-up. Before the open, Brent was down 1.9% at $114.50 and WTI was down 2.3% at $100.88, according to Sharecast; Yahoo Finance later reported Brent below $110.
- Brazil: The iShares MSCI Brazil ETF tumbled 26% premarket after President Lula's surprise reelection, which would be its biggest one-day drop since 2000 if it held, Yahoo Finance reported.
- Anthropic: The AI company publicly filed its S-1 before the bell, giving the tech sector a lift.
- Verizon: Third-quarter operating revenue rose 1.5% to $34.3 billion and adjusted EPS climbed to $1.31, Sharecast reported.
The week ahead
The Federal Reserve announces its rate decision Wednesday. Futures imply about a 90% chance it holds rates at 3.75% to 4%, Sharecast reported, though Bank of America said a quarter-point hike remains possible. Several experts expect Chairman Kevin Warsh to signal a "hawkish pause" after hot inflation data, Yahoo Finance reported. Alphabet and Microsoft report earnings Wednesday.