Stock Futures Boosted by Old Economy Earnings

Futures on the Dow Jones Industrial Average (DJIA) S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are cautiously higher this morning, poised to build on yesterday's strong start to the week thanks to a slew of upbeat earnings reports. The likes of General Motors (GM), Coca-Cola (KO), and 3M (MMM) -- three stocks without much tech exposure -- are all on the move higher after respective top-line beats for the third quarter. Elsewhere, bond yields and gold prices are moving lower, with the 10-year Treasury yield last seen below 4% and bullion last seen down 2.8%. 

• Senior V.P. of Research Todd Salamone highlights one SPX trendline to watch.
• What made Apple stock break out yesterday.
• Plus, gold miners cool off; RTX buzzing; and an alternative energy stock upgraded.

5 Things You Need to Know Today

1. The Cboe Options Exchange saw more than 2.6 million call contracts and roughly 1.3 million put contracts exchanged on Monday. The single-session equity put/call ratio fell to 0.50, while the 21-day moving average remained at 0.58.
2. Newmont Corporation (NYSE:NEM) stock is down 5% before the bell, as gold mining stocks take a massive breather with gold prices cooling off. NEM hit a record high of $98.57 on Oct. 16, and is up 154% year-to-date heading into today.
3. RTX Corp (NYSE:RTX) stock is 5.8% higher ahead of the open, after the blue-chip defense contractor reported third-quarter earnings and revenue that topped analyst estimates. The aerospace company also hiked its fiscal-year forecast. RTX stock is up 38.8% year-to-date heading into today, but poised to fill a 4% October bear gap. 
4. The shares of Sunrun Inc (NASDAQ:RUN) are up 7.5% in electronic trading, after Citigroup upgraded the renewable energy concern to "buy" from "hold" and hiked its price target to $26 from $11. The analyst in coverage sees the company as positioned to defy President Donald Trump's anti solar rhetoric.
5. Dow earnings and inflation data are due out this week.

Nikkei, Kospi Stay Hot

All eyes were on Japan today as the region’s Nikkei surged to record highs before settling up 0.3%. This came after conservative Sanae Takaichi was voted in as the country’s first female prime minister. South Korea’s Kospi climbed 0.2%, tapping a sixth-consecutive record high, as U.S.-China trade tensions ease. Hong Kong’s Hang Seng and China’s Shanghai Composite settled 0.7% and 1.4% higher, respectively.

Sentiment in Europe is also positive, though regional defense stocks are falling back slightly from yesterday’s surge. Meanwhile, borrowing data in the UK came in line with forecasts, hitting £20.2 billion in September -- the highest such reading since 1997. At last check, London’s FTSE 100 was up 0.3%, France’s CAC 40 is 0.5% higher, and Germany’s DAX has added 0.2%.