U.S. Futures Rise as Oil Slips and Several Stocks Move on News
U.S. stock futures advanced as oil prices fell, while memory-chip shares weakened ahead of major bank earnings and September inflation data.
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what happened
U.S. stock futures were higher on Monday as crude prices moved lower. Dow Jones Newswires, citing Barron's, said trading during the week could be shaped by results from major banks and the September consumer-price report.
Micron lost 2.1% in premarket trading, while SK Hynix declined 1.5%. The moves followed Chinese memory-chip producer CXMT's statement that it had advanced work on a competing design capable of holding more data. Sandisk dropped 1.8%; hard-drive makers Seagate and Western Digital fell 1.1% and 1.4%, respectively.
IREN gained 5.5% after The Information reported that Anthropic had a multi-year cloud-computing arrangement with IREN. Barron's said neither Anthropic nor IREN immediately answered requests for comment. Amazon edged 0.2% higher after The Wall Street Journal reported that it was discussing a purchase of AI start-up Decart for roughly $7 billion.
why it matters
The session reflects mixed positioning across memory hardware, cloud computing and artificial-intelligence companies as investors await bank results and a closely watched inflation release.
instruments
sources
- Sandisk, IREN, SK Hynix, Amazon, and More Stocks That Explain Today's Market — Barrons.com — Dow Jones Newswires, 12 October 2026 at 10:28 UTC
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