Stock Futures Rise Following Bitter Presidential Debate
New York (Oct 10) US stock futures were rising Monday as Wall Street digested Sunday night's bitter presidential debate between Hillary Clinton and Donald Trump.
S&P 500 futures gained 0.4%, Dow Jones Industrial futures rose 0.34%, and Nasdaq futures added 0.35%.
Mexico's peso strengthened against the dollar as investors priced in a Clinton victory and the chances of a Trump presidency diminished after a tumultuous weekend for the candidate. Trump has repeatably expressed interest in building a wall along the U.S.-Mexico border.
The debate on Sunday became personal when Trump discussed former President Bill Clinton's sex scandals from the 1990s in his defense of a leaked video released by The Washington Post on Friday showing Trump making crude remarks about women.
The video sparked a wave of controversy causing dozens of prominent Republican leaders to withdraw support from Trump just one month before the election.
There isn't any economic data slated for release Monday as the fixed income markets are closed in observance of Columbus Day. Chicago Federal Reserve President Charles Evans is speaking in Sydney, Australia.
European markets gained steam, while the pound fell 0.2% against the dollar after last week's flash crash.
Samsung Electronics (SSNLF) shares fell after a report from The Wall Street Journal said production of the company's Galaxy Note 7 smartphone has been suspended, at least for right now.
This comes as millions of devices were recalled due to battery fires, which even prompted the Federal Aviation Administration to ask customers to keep the devices powered off on flights.
The company hasn't weighed in on reports of a production halt.