What to Watch Monday, Nov 2: Futures Up, ISM Manufacturing Due

US stock index futures rise since Sunday's reopen as traders await Monday's ISM Manufacturing PMI and eight S&P 500 earnings reports before the bell.

US stock index futures are higher since markets reopened Sunday evening, with S&P 500 futures up 0.38%, Nasdaq 100 futures up 0.63%, Dow futures up 0.32% and Russell 2000 futures up 0.41% against Friday's close. The single most important item on Monday's calendar is the Institute for Supply Management (ISM) Manufacturing Purchasing Managers' Index (PMI) for October, due at 10:00 AM ET.

US index futures since Sunday evening
MarketLevelChange
S&P 500 futures7,643.25+0.38%
Nasdaq 100 futures28,714.25+0.63%
Dow futures52,086.00+0.32%
Russell 2000 futures2,833.00+0.41%

Source: Index futures quotes · as of November 1, 2026 at 8:00 PM ET · Change is from Friday's settlement. Futures trade from 6 PM ET on Sunday.

Over the weekend

Reuters reported that OPEC+ is set to keep its production targets unchanged for December. The Wall Street Journal reported that the group's crude production levels remain below prewar levels, with key shipping routes in the Gulf still disrupted. Separately, traders on X were weighing whether stocks could stabilize on Monday after a sharp Friday decline in major indexes, which posts tied to technology shares and renewed doubts about spending on artificial intelligence (AI), with views divided between those expecting a modest rebound and those citing caution around midterm elections and year-end positioning.

On Monday's calendar

Monday's US economic calendar will open with the ISM Manufacturing PMI for October at 10:00 AM ET, with a consensus forecast of 54.6 versus a prior reading of 54.5. The ISM Manufacturing Employment Index for October will also release at 10:00 AM ET, with a consensus forecast of 53 against a prior reading of 52.7. Federal Reserve official Austan Goolsbee will speak at 11:15 AM ET.

Eight S&P 500 companies will report earnings before Monday's open. Estée Lauder Companies will report with an earnings per share (EPS) estimate of $0.51, Entergy with an EPS estimate of $1.73, and both classes of Fox Corporation will report, with EPS estimates of $2.07 for the Class B shares and $2.02 for the Class A shares.

Idexx Laboratories will report with an EPS estimate of $3.73, Marriott International with an EPS estimate of $2.84, and Public Service Enterprise Group with an EPS estimate of $1.19. Loews Corporation will also report before the open, without an EPS estimate listed.

US economic releases on Monday, November 2, 2026
Time (ET)ReleaseConsensusPrior
10:00 AMISM Manufacturing PMI (Oct)54.654.5
10:00 AMISM Manufacturing Employment (Oct)5352.7
11:15 AMFed Goolsbee Speech——

Source: Economic calendar, US releases of high and medium impact

S&P 500 companies reporting before the open on Monday, November 2, 2026
StockCompanyEPS estimate
ELEstée Lauder Companies (The)$0.51
ETREntergy$1.73
FOXFox Corporation (Class B)$2.07
FOXAFox Corporation (Class A)$2.02
IDXXIdexx Laboratories$3.73
LLoews Corporation—
MARMarriott International$2.84
PEGPublic Service Enterprise Group$1.19

Source: Company earnings calendar · Includes companies whose report time was not given.

Sources

How this was made

Built from WiseView and market data, with reporting from the sources above. Drafted with AI assistance and reviewed by an editor before publishing. How this report is made

For information only, not investment advice.

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