Stock futures are little changed after major averages rebound to start the week: Live updates

"I don't quite trust , because I do think some of the fundamentals are starting to change," Anastasia Amoroso, iCapital chief investment strategist, told CNBC'son Monday. However,"coming into this week, we did hit some oversold levels," she added. Corporate buybacks are likely to return as earnings season rolls on, she added, which could further justify a case for a bounce back.

"I actually expect that that might be a bullish development, because Fed Chair Powell sort of alluded to the case that the fact that Treasury yields rose across the curve means they might be done tightening," said Amoroso. Investors are also hoping that October's payrolls report, which will be released on Friday, will indicate some slowdown in the labor market.— The cloud networking solutions company added 6% Monday after the bell. Arista Networks reported $1.83 earnings per share, excluding items, on $1.51 billion in revenue. Analysts polled by FactSet had estimated $1.58 earnings per share on $1.48 billion in revenue.— Shares of the chipmaker jumped more than 11% following its fiscal first-quarter results.

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How major US stock indexes fared Monday, 10/30/2023Wall Street clawed back some of its recent losses to start a week that could see more big swings in financial markets. The S&P 500 finished 1.2% higher Monday in its first trading after dropping more than 10% below its high point for the year. The Dow Jones Industrial Average ended 511 points higher, and the Nasdaq composite rose 1.2%.
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