Stock futures are pointing higher to start the week as investors look ahead to another slew of earnings reports; OPEC+ agreed to pause output hikes; China said it would suspend additional rare earth curbs; Kimberly-Clark announced plans to buy Tylenol maker Kenvue; and Berkshire Hathaway’s latest quarterly report showed its cash pile climbed to a record high.
Here’s what you need to know today.
1. Major Stock Indexes Poised to Open Higher
Stock futures are on the rise early Monday as investors prepare for a slew of earnings reports due from major technology and pharmaceutical companies this week, including an update from AI investor favorite Palantir (PLTR) after the closing bell today. The three major U.S. stock indexes come into today’s session after ending October on a high note.
Futures tied to the Dow Jones Industrial Average were up 0.1% recently, while those linked to the S&P 500 and the tech-heavy Nasdaq climbed 0.4% and 0.6%, respectively. Bitcoin was trading below $108,000. Gold futures were slightly higher, at around $4,019 an ounce. The yield on the 10-year Treasury note slid to around 4.08%.
2. OPEC+ Puts a Hold on Oil Output Hikes
The Organization of Petroleum Exporting Countries and its allies on Sunday agreed to pause output hikes in the first quarter of 2026 after an increase due in December. The group of oil-producing nations has boosted its output targets since April, but began slowing the pace since October amid worries about a glut of supply. Crude oil futures climbed, then reversed course in early trading.
3. China Suspends Additional Rare Earth Curbs
China has agreed to suspend implementing additional rare earth export restrictions, as well as end investigations targeting American companies in the semiconductor supply chain, as part of the trade truce struck by President Donald Trump and Chinese President Xi Jinping, The White House announced over the weekend. China also said it would consider easing export restrictions on semiconductors made by chip firm Nexperia. Shares of Nvidia (NVDA), Advanced Micro Devices (AMD), and other semiconductor firms are higher in premarket trading.
4. Berkshire Hathaway’s Cash Pile Hits Record High
Berkshire Hathaway’s (BRK.A, BRK.B) cash stockpile hit yet another high, according to the conglomerate’s quarterly update over the weekend. The buildup has fueled speculation that Warren Buffett could be concerned about the market overheating after a series of recent record highs, waiting for better opportunities, or deferring the company’s allocation to his successor as he prepares to step down from his role as CEO at the end of the year.
5. Kimberly-Clark Agrees to buy Tylenol maker Kenvue for Over $40 Billion
Kimberly-Clark (KMB), the maker of Huggies diapers and other consumer brands, agreed to buy Tylenol maker Kenvue (KVUE) in a cash-and-stock deal valued at about $48.7 billion. Kenvue faces a leadership shakeup and growing litigation concerns as the Trump administration has sought to draw links between its Tylenol and autism. Shares of Kenvue are soaring over 20% pre-market, while Kimberly-Clark’s shares are down close to 15%.
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