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A Boost for Stock Futures after a Bruising Sell-off

US stock futures experienced a rise on Monday following a significant sell-off, as investors eagerly anticipated a week filled with major events. These events include the Federal Reserve’s latest policy decision and the release of Apple’s quarterly earnings.

Futures on the S&P 500 (^GSPC) saw an increase of around 0.6%, after officially entering correction territory on Friday. Dow Jones Industrial Average (^DJI) futures also added nearly 0.6%, having witnessed a loss of over 350 points at its previous close.

In the wake of a downbeat week driven by mixed results for Big Tech earnings, contracts on the tech-heavy Nasdaq 100 (^NDX) experienced a gain of almost 0.7%.

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Investors are now focusing their attention on the decisions made by the US central bank and Apple, the largest company in the S&P 500, to potentially boost market sentiment after a challenging few months for stocks.

The rise in the Fed’s preferred inflation metric has heightened expectations that policymakers will adhere to their “higher for longer” stance and maintain steady interest rates in their decision to be announced on Wednesday.

Read more: What the Fed rate-hike pause means for bank accounts, CDs, loans, and credit cards

Apple is scheduled to release its quarterly earnings report on Thursday after the market closes. Investors will be closely monitoring the impact of China’s efforts to restrict the use of iPhones.

Meanwhile, investors are analyzing McDonald’s earnings released on Monday to gauge the state of the US consumer, who has exhibited resilience despite high borrowing costs. The burger giant surpassed earnings expectations for the third quarter, supported by sales growth driven by higher menu prices.

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