US markets today: Equity futures indicate a positive opening on Monday, as investors focus on the sharp pullback in global crude oil prices. Here’s what investors need to know. US equity futures indicate a gap-up opening on Monday, November 2, as Wall Street investors focus on the sharp pullback in crude oil prices amid buying momentum from Asian markets, and steady US Treasury yields.
Dow Jones futures were trading 0.36% higher at around 52,107 points ahead of the opening bell on Monday, November 2, as investors focus on a rebound potential after the massive US market crash last week on Friday.
The S&P 500 index futures were up 0.37% at 7,640.75 points, and the Nasdaq 100 futures were trading 0.68% higher at 28,727 points indicating a potentially positive opening on Monday’s market amid the positive global equity momentum.
The benchmark US Treasury yields remained steady
The benchmark US Treasury yields remained steady at 4.91% levels as investors now look forward to the upcoming economic data releases scheduled for this week starting today.
Stocks like Crowdstrike, Rihers in key focus of investors during the pre-market hours on Wall Street on November 2
Key things to watch before US market open
Global crude oil benchmark, Brent crude prices for the January 2026 contract witnessed a sharp pullback of 4.6% intraday to decline to an intraday low of $108.18 per barrel (bbl) on Monday’s market, in comparison to $113.43 per bbl at the previous market close.
This comes after last week the energy prices
This comes after last week the energy prices hit $118 per barrel on Friday’s market amid the elevated risk concens among investors.
Latest reports now show that investors are focused on the US midterm elections this week and US President Donald Trump’s latest comments on looking to end the West Asia conflict “very soon” in one way or another.
However, Iranian Revolutionary Guard Corps (IRGC) has claimed there have been two crude oil tankers that caught on fire after hitting mines in the Strait of Hormuz.
As of 6:09 pm (IST), the Brent crude
As of 6:09 pm (IST), the Brent crude oil prices were trading 3.8% lower at $109 per bbl on Monday’s market, in comparison to the previous commodity market close
Economic data releases this week
Investors will keep a close watch on the economic releases scheduled for this week starting from Monday, November 2, as the US Federal Reserve in its October meeting kept interest rates unchanged, highlighting that the central bank will analyse more data before moving rates for the US economy.
S&P Global is set to release the US Manufacturing PMI data on Monday, November 2, which shows the monthly economic indicator for the manufacturing sector in the United States.
The US Census Bureau and the US Bureau
The US Census Bureau and the US Bureau of Economic Analysis is set to declare the US Trade Balance data for the American economy later this week on Wednesday, November 4.
The Bureau of Labour Statistics is set to also declare the unemployment rate for the US economy on Friday, November 6, 2026.
How did US markets end last week?
US benchmark indices crashed to end lower last week on Friday, October 30, as investors were focused on global crude oil prices hitting $118 per barrel amid the massive selling pressure in tech stocks emerging from the Asian markets.
Dow Jones Industrial Average ended 1.09% lower
Dow Jones Industrial Average ended 1.09% lower at 51,770.31 points after the trading session on Friday, in comparison to the previous market close of 52,342.56 points
S&P 500 index closed 1.82% lower at 7,580 points after the trading session on October 30, in comparison to 7,720.39 points at the previous US equity market close, as per the exchange data.
The tech-heavy Nasdaq crashed on Friday’s market ended 3.46% lower at 28,384.85 points, in comparison to 29,402.51 points at the previous Wall Street close.
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
