Jamie Chisholm is a markets reporter based in London.
U.S. stock futures rebounded Monday morning as traders eyed a busy week containing jobs data, central bank action and Apple earnings.
Stock buyers returned after the S&P 500 on Friday joined the Nasdaq Composite in correction territory having shed more than 10% from its recent high at the end of July to close at its lowest since May.Relief that the Israel-Hamas war had not drawn in other combatants in the region over the weekend was helping sentiment, according to analysts.
Earnings Watch: Big Tech earnings have been strong, but Apple is about to answer the thousand-dollar question Both of those issues will be addressed Wednesday, when the Treasury will publish its quarterly refunding announcement in the morning, followed in the afternoon by the Fed’s latest interest rate decision.
The nonfarm payrolls jobs report on Friday will doubtless play an important role in the Fed’s future deliberations.
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