Futures for major US stock exchanges opened Monday (3) slightly higher, with investors looking to extend the positive momentum from October. The move reflects Wall Street optimism in the face of new corporate earnings reports and signs of improvement in trade relations between the United States and China.
S&P 500 futures are trading at 6,895.00 and Nasdaq 100 futures are up about 0,4%, while the Dow Jones Industrial Average advanced 0,3%. In October, the S&P 500 gained 2,3%, the Dow rose 2,5%, and the Nasdaq climbed 4,7%, driven primarily by tech and artificial intelligence giants.
Despite the positive sentiment in the stock markets, investors are still monitoring political uncertainties in Washington. The partial shutdown of the US government continues to delay the release of key indicators, such as the jobs report. Furthermore, the Supreme Court is expected to rule this week on the legality of tariffs imposed by current US President Donald Trump on Chinese products.
With the absence of official data, reports from the Institute for Supply Management (ISM) and S&P Global on the manufacturing and services sectors gain relevance, as does the University of Michigan's consumer confidence index, scheduled for Friday.
In the cryptocurrency market, Bitcoin (BTC) is down 1% and trading at $108.996 after failing to hold support at $110. The asset has been struggling to regain buying momentum since its last attempt to break above $111.
According to analyst Ali (@ali_charts), who displayed a technical chart projecting a possible "broadening top," the downward movement may not be over yet. He stated, "Bitcoin $BTC might not be done yet! If this is indeed a broadening top, we could see a new all-time high first, followed by a brutal reversal."
Analysis suggests that if Bitcoin loses the support zone at $102, the price could fall to near $80 in the short term, before a possible broader reversal.
Bitcoin $ BTC It might not be done yet!
If this is indeed a broadening top, we could see a new all-time high first, followed by a brutal reversal. pic.twitter.com/YvK1ssnQUu
— Ali (@ali_charts) November 2, 2025