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Dow futures rise 100 points amid slew of corporate news; oil slips

Positive start seen for new trading week

U.S. stock index futures pointed to a higher open on Monday, as investors prepared themselves for another batch of corporate earnings, while waiting to hear for any comments made by key Federal Reserve officials.

Dow futures rose 100 points, while S&P and Nasdaq futures gained 10.5 points and 34.5 points, respectively.

A trader works on the floor of the New York Stock Exchange (NYSE) in New York.
Michael Nagle | Bloomberg | Getty Images

AvalonBay, Everest Re Group, Allison Transmission, Crane, Swift Transportation, Western Alliance Bancorporation and Eagle Materials are all also expected to release earnings. Restaurant Brands International, Kimberly-Clark, T-Mobile and VF Corporation both reported quarterly results.

In other corporate news, AT&T agreed to buy Time Warner for more than $85 billion, while TD Ameritrade said its buying Scottrade for $4 billion. AT&T's merger with Time Warner is has already generated skepticism from politicians in Washington, raising the likelihood that regulators will scrutinize the deal.

Aside from the upcoming U.S. election, the U.S. central bank continues to be of importance to investors, as traders debate when the Fed will next choose to raise interest rates.

On Monday, St. Louis Fed President James Bullard is set to speak at the Association for University Business and Economic Research's Fall Conference in the morning.

Meanwhile, New York Fed President William Dudley will be speaking in New York at "The Evolving Structure of the U.S. Treasury Market: Second Annual Conference". Fed Governor Jerome Powell will also be speaking at the event in the afternoon, to discuss the future of Treasury market settlement.

At 1.30 p.m. ET, Chicago Fed President Charles Evans is set to give a speech at The Civic Affairs Society of the University Club of Chicago Luncheon.

For Monday, it remains relatively quiet on the economic data front, with investors focusing predominantly on the release of the Markit flash U.S. manufacturing PMI data, due out at 9.45 a.m. ET.

Elsewhere, oil prices held lower on Monday, with U.S. WTI trading around $50.47 per barrel at 9:03 a.m. ET, while Brent hovered around $51.57.

European stocks traded mostly higher during its morning session, while Asia-Pacific indexes ended mixed to higher overnight. In the previous session, U.S. stocks closed mostly flat.

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