S&P 500 Futures Point Higher After Sharp October Finish
Published on 11/02/2026 at 13:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSS&P 500 Awaits Busy Week
- The index closed at 7,580.07 on October 30, down 1.82 percent.
- S&P 500 futures were up 0.52 percent in a Reuters premarket reading on November 2.
- Investors are preparing for earnings, manufacturing data, the November 3 midterm elections and the October jobs report.
The S&P 500 was set for a higher opening on Monday, November 2, after technology-led selling pushed the index down 1.82 percent on October 30. The index closed that session at 7,580.07, according to Reuters.
Futures Recover Ahead Of Open
In the latest concrete premarket reading cited by Reuters, at 5:15 a.m. Eastern Time on November 2, S&P 500 E-mini futures were up 39.75 points, or 0.52 percent. The move indicated a recovery attempt rather than an official change in the cash index, which had not yet begun its regular US session during the configured European midday window. Reuters attributed the improved mood to steadier technology and artificial-intelligence shares after October's sell-off.
Reuters also reported that falling oil prices supported risk sentiment as investors assessed diplomatic developments involving Iran. That factor may influence energy-sensitive parts of the market, although futures positioning does not establish how the S&P 500 will finish the session.
Earnings And Election Risks
The week begins with a dense event calendar. Apple and Palantir were scheduled to report after Monday's close, while investors were also preparing for further technology earnings later in the week. The US midterm elections were scheduled for November 3, and the October jobs report was due on Friday.
Monday's economic agenda included the final US S&P Global manufacturing reading, the ISM manufacturing report and September construction-spending data, as listed by Yahoo Finance. These releases could affect expectations for economic momentum and interest rates, while corporate results will test whether investors remain willing to support elevated AI-related spending.
Index Context For Investors
The S&P 500 is designed to represent large-cap US equities and includes 500 leading companies. For investors, the immediate question is whether the premarket rebound can broaden beyond the technology shares that led both the October advance and the late-month retreat. The index's next official cash-market move will only be established after the US session opens.
Further S&P 500 coverage is available on the index topic page.
