Stock Futures Signal Strong Start to November

Stock futures are firmly higher to kick off November, as tumbling oil prices and a rebound in tech stocks help Wall Street recover from Friday's steep selloff. Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) futures are up triple digits, while futures on the S&P 500 Index (SPX) are modestly higher.

Today's rebound comes after the Nasdaq suffered its worst monthly loss since March 2025, while the Dow was the only one of the three major indexes to nab an October win. Investors are also looking ahead to a busy week featuring Tuesday's midterm elections, the monthly jobs report, and another round of corporate earnings, including results from Apple (AAPL) after today's close.

Continue reading for more on today's market, including:

• How Big Tech earnings helped trigger last week's market selloff.
• Why options traders should be excited for midterm elections.
• Plus, CRWD upgraded; EL jumps on beat-and-raise; and MRVL's $115 billion AI deal. 

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.9 million call contracts and 1.9 million put contracts traded on Friday. The single-session equity put/call ratio rose to 0.66, while the 21-day moving average remained at 0.58. 
2. CrowdStrike Holdings Inc (NYSE:CRWD) is up 2.6% premarket, after an upgrade from Deutsche Bank to "buy" from "hold," with a price-target hike to $300 from $240. Year to date, the equity is up 113.7% coming into today. 
3. Estee Lauder Companies Inc (NYSE:EL) is 2.9% higher in electronic trading, after the cosmetics name posted better-than-expected fiscal first-quarter results and lifted its full-year 2027 forecast with help from fragrance demand. EL is up 4.3% in 2026. 
4. Marvell Technology Inc (NASDAQ:MRVL) is down 2.4% before the bell, after news that the semiconductor giant will buy Lumentum (LITE) for $115 billion in an all-stock deal. Nvidia (NVDA) invested $2 billion in both earlier this year. MRVL is up 131.1% year to date. 
5. Magnificent 7 member headlining this week's earnings calendar.

European Markets Digest PMI Data

Asian stocks finished mostly higher, as investors zeroed in on U.S. midterm election and Middle East updates. Also in focus were financial concerns in China, as regulators look to address the struggling stock market. South Korea’s Kospi led the gainers with a 2.2% jump, followed by China’s Shanghai Composite with a 1.1% rise. Hong Kong’s Hang Seng added 0.4%, while Japan’s Nikkei bucked the trend with a 0.3% loss.

European markets are trading mixed, after October manufacturing data in the U.K. came in at its quickest rate since 2024, rising to 52.80 points, up from September’s reading of 51.90. Eurozone manufacturing also grew, with the eurozone S&P Global Purchasing Managers’ Index (PMI) reading 52.7, beating estimates of 52.4. At last glance, London’s FTSE 100 is down 0.2%, France’s CAC 40 is up 0.1%, and Germany’s DAX is inching 0.08% lower.