Dow futures rise as Wall Street tries to capitalize on its best week since June

US stock futures rose on Monday, as traders tried to add to sharp gains in the past week.

Futures related to the Dow Jones Industrial Average rose 282 points, or 0.9%. S&P 500 and Nasdaq 100 futures rose 0.9% and 0.6%, respectively.

The moves come after another volatile week for stocks as the third-quarter earnings season heated up. The major averages posted their biggest weekly gain since June, with the Dow Jones advancing 4.9%. The S&P 500 and Nasdaq rose 4.7% and 5.2%, respectively.

Much of those gains came on Friday, when the Dow rose more than 700 points, while the Standard & Poor’s 500 and Nasdaq both rose about 2.3%.

Investors will be watching profits from tech giants like appleAnd the the alphabetAnd the Amazon And the Microsoft this week. Wall Street will also be watching for more inflation data, as the October manufacturing and services PMI comes out on Monday.

“The S&P 500+ is up 4.7% on the week, with the energy/materials, technology and defense sectors outperforming in a reversal of the broad trend since early August,” analyst Raymond James Tavis McCourt said in a note on Sunday. “Whether the rally was sustainable, or to what degree, is unknown, but the reasons appear to be the EPS revisions, which look better than feared thus far (eg 2Q), along with the expectation that the Fed cycle will be front-loading On the verge of completion by early 2023.”

So far, earnings reports have had mixed results for stocks. On Friday, shares of banks Goldman Sachs and JPMorgan Chase rose more than 4% after the results were announced. But not all results were solid – Snap slipped 28% after reporting a profit loss.

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