Pre-market futures are up slightly, but still on a downward trend following recent all-time-high closes. Q3 earnings season kicks off next week, with Big Banks like JPMorgan, Citigroup, Wells Fargo, and Goldman Sachs reporting on Tuesday. Johnson & Johnson and Domino’s Pizza will also release earnings on Tuesday.

The current bull market has been going strong for three years, led by NVIDIA, with significant gains seen in Broadcom, Meta, and Alphabet. The AI trade continues to drive market gains, offering valuable perspective on market performance.

University of Michigan will release a preliminary Consumer Sentiment survey, with expectations for a slight decline from September. Inflation expectations among consumers have ticked down slightly, indicating some relief from tariff concerns. The impacts of tariffs on consumer prices remain uncertain.

Monthly U.S. Federal Budget figures for September and upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) results are on hold due to the ongoing federal government shutdown. The lack of agreement on Congress’ budget resolution is delaying key economic data releases.

Zacks Research Chief has identified a stock with potential to double in value, along with four other strong recommendations. The stock with the most promise has been singled out as a top pick, surpassing previous recommendations like Hims & Hers Health, which saw significant gains.

Read more at Nasdaq: Big Banks Gear Up to Report Q3 Earnings