Overview
- U.S. equity futures fell before the open, with the S&P 500 down about 1.0%, the Nasdaq off 1.3%, and the Dow lower by 0.7%.
- October’s ISM manufacturing PMI came in at 48.7, below expectations and still in contraction territory, reinforcing concerns about industrial softness.
- Palantir slid in premarket trading after its quarterly update failed to impress investors despite raised full-year revenue guidance.
- Monday’s session finished mixed as AI-linked buying lifted the S&P 500 and Nasdaq while the Dow declined, helped by a reported $38 billion Amazon–OpenAI agreement.
- The prolonged U.S. government shutdown is curbing official data releases, such as the jobs openings report, as Fed officials voice differing views on inflation and labor risks.