US market opened higher on Monday, showing signs of stabilisation following last week’s volatility. The S&P 500 gained 0.6%, the Dow Jones Industrial Average rose by 253 points, and the tech-heavy Nasdaq Composite advanced 0.8%.
Regional bank stocks edged higher, partially recovering from last week’s declines due to concerns over credit quality.
Zions Bancorporation is set to report Q3 earnings after the bell, with Coca-Cola, Tesla, and Procter & Gamble scheduled to release results later this week, key indicators for consumer demand and margin pressures.
Index futures were positive in premarket trading, with S&P 500 futures up 0.4%, and both Dow and Nasdaq futures climbing 0.3%, reflecting improved investor sentiment.
The market shrugged off a widespread outage at Amazon Web Services, which disrupted several major apps and platforms. Despite the disruption, Amazon shares remained largely flat in premarket activity.
Investor nerves around US-China trade tensions eased slightly after President Donald Trump softened his stance on potential tariffs and confirmed plans to meet with Chinese President Xi Jinping at an upcoming summit in South Korea.
Banking sector stability remains in focus following last month’s Chapter 11 filing by First Brands Group. Analysts are watching whether recent credit concerns are isolated or a broader indication of stress in commercial lending, particularly amid elevated interest rates.
Global markets also trended higher. Germany’s DAX climbed 1.3%, the U.K.’s FTSE 100 rose 0.3%, and France’s CAC 40 was flat. In Asia, Japan’s Nikkei 225 surged 2.9% to a new record high after political developments paved the way for pro-market policies under potential new leadership.
China’s GDP growth slowed to 4.8% year-over-year, the weakest in a year, though export demand remained solid. The Hang Seng Index rose 2.5%, while the Shanghai Composite gained 0.7%. South Korea’s Kospi advanced 1.3%, also hitting a record, supported by strong performance in semiconductor and auto stocks.
