Dow Set to Open Up as Rally Marches On

The S&P 500 was flat and the Nasdaq was rising in premarket trading.

Last Updated: Oct. 28, 2025 at 8:27 AM ET

Key Events

Stock Futures Edge Higher as Record-Breaking Rally Marches On

Latest Updates

Bitcoin Price, Ethereum Slip. What to Watch for Crypto’s Next Move.

Read the full article

These Stocks Are Today’s Movers: UPS, PayPal, SoFi, UnitedHealth, Qorvo, Royal Caribbean, D.R. Horton

Read the full article

Amazon Is Cutting Jobs. Why That’s a Strong Sign for the AI Boom.

Read the full article

Stock Futures Edge Higher as Record-Breaking Rally Marches On

By George Glover

Stock futures were struggling for direction early Tuesday, with investors seemingly content to sit on the sidelines as they try to figure out whether a flurry of earnings reports and the Federal Reserve’s next policy decision will take any of the shine off of equities’ record-breaking run.

Futures tracking the Dow Jones Industrial Average rose 54 points, or 0.1%. S&P 500 futures were flat and contracts tied to the tech-heavy Nasdaq 100 edged 0.1% higher.

The yield on the 10-year U.S. Treasury note climbed 1 basis point to 3.98%. The dollar edged 0.1% lower against a weighted basket of its peers, and gold dropped 1.5% to about $3,962 an ounce. Bitcoin, the world’s largest cryptocurrency, was down 1.2% to $114,230 over the past 24 hours.

The three major indexes surged to new highs over the previous session, powered higher by hopes of a trade deal between the U.S. and China. The rally could have legs if corporate earnings carry on topping expectations, with homebuilder D.R. Horton, online payments system operator PayPal, and shipping company UPS among those set to report ahead of Tuesday’s opening bell.

Those results come before a slew of Big Tech earnings from the likes of Microsoft and Apple, as well as a Fed decision on Wednesday. The central bank is widely expected to lower interest rates by a quarter-point, although investors will still be keeping a close eye on Chair Jerome Powell’s press conference, particularly given that the ongoing government shutdown has suspended most economic data releases.

“Megacap earnings this week could add further fuel to the risk-on fire, while the underlying US economy remains solid, the monetary backdrop continues to loosen, and the corporate buyback window is about to re-open once more,” Michael Brown, strategist at the foreign-exchange brokerage Pepperstone, said.

He added that it seems “increasingly likely” that the S&P 500 could soon crack the 7,000-point level for the first time ever, “maybe even next week.”

The benchmark index closed at 6,875 on Monday, meaning it needs to climb another 1.8% to hit that milestone.

View this Barron’s article CLICK HERE