Futures Rebound After Friday's Trillion-Dollar Sell-Off
Dow, S&P 500 and Nasdaq futures rose Sunday evening after a Friday sell-off erased more than $1 trillion in market value.
Updated on Nov. 2, 2026 in Stock Markets
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Futures on the Dow Jones, S&P 500 and Nasdaq rebounded after Friday's sell-off, which wiped out more than $1 trillion in market capitalization. Daylight Savings took effect Sunday, shifting the stock market opening to 8 PM IST.
Why it matters
The rebound comes as investors weigh the midterm elections, earnings reports and the October jobs report alongside ongoing US-Iran war negotiations. Morgan Stanley's Mike Wilson has suggested the S&P 500 could fall toward 7,100 if stress persists.
Dow Jones futures were trading up over 165 points, S&P 500 futures up 30 points and Nasdaq futures up close to 200 points after the Friday sell-off. The Dow was the only major index to post a monthly gain in October, while the S&P 500 and Nasdaq both declined.
The players
Morgan Stanley
Morgan Stanley is a global investment bank and financial services firm headquartered in New York City.
Mike Wilson
Mike Wilson is Morgan Stanley's chief U.S. equity strategist and a frequently cited voice on Wall Street market forecasts.
The details
Crude oil prices eased Monday morning as Iranian negotiators met with Qatari mediators in Doha for the third straight day. Iran's supreme leader Mojtaba Khamanei ordered the armed forces to be prepared for any attack.
Timeline
Friday: Sell-off wiped out more than $1 trillion in market capitalization.
Sunday: Daylight Savings took effect, moving the stock market opening to 8 PM IST.
Monday: Apple reports earnings after the market close.
This week: Midterm elections and earnings reports are expected.
Friday: The October jobs report and Berkshire Hathaway results are due.
Market Dynamics
Morgan Stanley's Mike Wilson told Bloomberg the S&P 500 could fall to 7,100 if market stress persists, and he expects a move back to 8,000 once it clears. The rebound places current futures between those two levels as investors weigh midterm and jobs-data risks.
Retail investors with exposure to the S&P 500 or Nasdaq may see portfolio values shift with each session as the rebound plays out. Those watching Friday's jobs report and midterm developments should consider how volatility could affect near-term portfolio allocations.
The takeaway
Markets have reacted sharply to a combination of geopolitical tension, midterm uncertainty and earnings news, so short-term swings may not reflect longer-term direction. Investors should review their risk tolerance before reacting to single-day moves.
What happens next
The October jobs report and Berkshire Hathaway results are scheduled for Friday, and Apple reports earnings after the market close Monday.
Further reading
Track broader trends in the Stock Markets section for context on how index moves are shaping investor sentiment.
Source note: This article includes information reported by Cnbctv18.
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