US Stock Futures Rise Ahead of Apple Earnings as Binance Hack, Oil Prices and Midterm Elections Take Focus: Dow Jones, S&P, Nasdaq, Wall Street Fiona Craig Mon, November 2, 2026 at 5:23 AM EST 6 min read AAPL -1.23% CL=F -4.22% Trade Apple on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
US stock futures moved higher on Monday, pointing to a potential recovery on Wall Street following October's technology-led selloff, as investors prepared for major corporate earnings, the US midterm elections and further developments in the Middle East.
Apple's upcoming financial results are attracting particular attention, with new Chief Executive John Ternus preparing to lead his first earnings conference call. Meanwhile, a reported multibillion-dollar security breach at cryptocurrency exchange Binance has raised concerns about digital asset security.
Oil prices also declined sharply as investors assessed the possibility of diplomatic progress in the conflict involving the United States, Israel and Iran.
Apple (NASDAQ:AAPL) is scheduled to report earnings on Monday, with investors focusing on the company's growth prospects, artificial intelligence strategy and the potential impact of higher component costs.
John Ternus, who succeeded Tim Cook as chief executive in September, will host his first earnings conference call in the role.
His appointment followed the introduction of several products, including Apple's first foldable iPhone, a smart home hub and its first touchscreen laptops. Shipments of these devices began during the company's current fiscal first quarter.
Investors will examine Apple's guidance for the important holiday shopping period, alongside management's plans for artificial intelligence and the updated Siri platform.
Rising memory chip prices are another area of concern, with analysts expecting higher production costs to affect profitability. Profit growth could slow to its weakest pace in six quarters.
Apple also regained its position as the world's most valuable publicly traded company on Friday, overtaking Nvidia (NASDAQ:NVDA).
Despite a 1.2% decline in Apple's share price, its market capitalisation stood at $5.03 trillion at the close. Nvidia's valuation fell to $4.93 trillion after its shares dropped 4.2%.
The shift came as investors reassessed the scale of artificial intelligence infrastructure spending and the time required for those investments to generate returns.
Cryptocurrency exchange Binance experienced customer withdrawals totalling $3.64 billion after resuming operations following a major security breach reportedly linked to North Korea.
The withdrawals represented approximately 2.1% of the platform's assets.
The incident reportedly involved the theft of $6.3 billion from the exchange during the previous week, raising questions about security and confidence across the cryptocurrency industry.
Binance said withdrawal activity was stabilising following an initial surge and reported that customer deposits remained substantial.
As of 28 October, the exchange reported total assets under management of $171 billion and approximately 335 million registered users worldwide.
Cryptocurrency prices showed signs of stabilisation following recent losses.
Bitcoin (COIN:BTCUSD) recovered above $78,000 on Monday after reaching a six-week low on Friday.
Ether (COIN:ETHUSD) also rebounded modestly to approximately $2,287, following a decline to its lowest level in two months.
Market participants remain attentive to customer flows and the potential consequences of the reported breach for confidence in digital asset platforms.
US stock index futures rose in early Monday trading, suggesting a stronger opening following the previous month's weakness in technology shares.
By 03:50 ET, S&P 500 futures had gained 0.46% to 7,614 points, while Nasdaq 100 futures advanced 0.75% to 28,753 points. Dow Jones futures increased 0.28% to 52,075 points.
Technology stocks also recovered across Asian markets, helping support sentiment towards US equity futures.
Investors are preparing for another active earnings week, with Apple due to publish results on Monday and Advanced Micro Devices (NASDAQ:AMD) scheduled to report on Tuesday.
Palantir Technologies (NASDAQ:PLTR) and Berkshire Hathaway are also expected to release financial results on Monday.
The announcements will provide further information about corporate profitability, technology spending and the outlook for major US businesses.
Crude oil prices declined sharply on Monday as investors assessed prospects for diplomatic progress in the conflict involving the United States, Israel and Iran.
Brent crude futures for January delivery fell 3.3% to $109.70 per barrel by 00:27 ET, while US West Texas Intermediate futures dropped 3.5% to $100.48 per barrel.
The decline followed a strong October rally, during which both benchmarks gained nearly 15%.
The absence of a major escalation over the weekend encouraged some traders to take profits after recent price increases.
According to a report by Axios, President Donald Trump told Israeli Prime Minister Benjamin Netanyahu during a Saturday telephone conversation that he preferred to allow more time for diplomacy before deciding whether to resume military operations.
The report also indicated that Netanyahu favoured renewed US strikes shortly after the midterm elections.
Lower crude prices could help reduce energy-related inflation pressures for businesses and consumers.
However, oil prices remain elevated following October's gains, leaving markets sensitive to further developments in the conflict and potential supply disruptions.
The US midterm elections scheduled for Tuesday represent another important event for financial markets, with the results set to determine the composition of Congress during the second half of President Donald Trump's term.
All 435 seats in the House of Representatives and 35 Senate seats are being contested.
The elections take place against a backdrop of concerns about elevated gasoline prices and the prolonged conflict with Iran.
A recent Reuters/Ipsos survey placed Trump's approval rating at 31%, the lowest level recorded in that poll.
The composition of the next Congress could influence the administration's ability to advance legislation covering fiscal policy, trade, taxation and regulation.
If Democrats secure control of both chambers, the administration could face greater legislative obstacles. A divided Congress could also increase reliance on executive actions in areas where legislation proves difficult.
For investors, the election results may affect expectations for government spending, business regulation and the broader economic policy environment.
Wall Street enters the new trading week with several important developments influencing investor sentiment.
Apple's earnings and other major corporate results will provide fresh evidence about technology demand, profitability and artificial intelligence investment.
At the same time, the reported Binance security breach has increased scrutiny of cryptocurrency markets, while declining oil prices have offered some relief from inflation concerns.
The US midterm elections and developments in the Iran conflict remain additional sources of uncertainty, with potential implications for fiscal policy, energy markets and broader financial conditions.
