Wall Street futures rise ahead of Fed decision and Big Tech earnings
US stock futures rose Monday, with Nasdaq-100 futures up 0.55%, Dow Jones futures gaining 0.49%, and S&P 500 futures climbing 0.36%, following last week's selloff that marked the second consecutive weekly loss for major indexes. Brazilian stocks plunged after Luiz Inácio Lula da Silva unexpectedly won a fourth term, with the iShares MSCI Brazil ETF falling nearly 26% in premarket trading and Petrobras dropping about 22% on fiscal concerns. Elon Musk warned over 200 neocloud companies face consolidation, pressuring AI-linked stocks like CoreWeave and IREN. Oil prices retreated about 2% after nearing six-month highs, while Asian tech shares weakened. Investors await Federal Reserve's rate decision Wednesday and earnings from Microsoft, Alphabet, and Amazon to assess AI spending returns.