Stock Futures Tick Higher to Begin Week; Amazon Web Services Outage Disrupts Websites

Stock futures pointed slightly higher after major indexes rose in volatile trading last week, although a widescale Amazon Web Services outage affected websites worldwide. 

Futures associated with the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average were up a respective 0.3%, 0.2%, and 0.1%. Last week, the three indexes all closed up roughly 2%.

Gold futures, which remain a safe haven amid market volatility and a U.S. government shutdown at 20 days and counting, rose 1.6% to $4,270. They set their latest record high at $4,392 early Friday.

The 10-year Treasury yield, which influences borrowing costs of products like mortgages, was little changed at 4.01% but remains near six-month lows.

Bitcoin was at roughly $111,000, up from weekend lows around $107,000. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, edged higher to 98.55. West Texas Intermediate crude oil futures slipped 0.2% to $57.40.

Shares of Amazon (AMZN) ticked lower in premarket trading after its cloud-computing unit AWS suffered a widespread outage overnight. Those of fellow Magnificent Seven company Apple (AAPL) rose less than 1% after Counterpoint Research said its new iPhone 17 lineup has outsold the iPhone 16 series by 14% in its first 10 days of availability in the U.S. and China.

Shares of Tesla (TSLA), which reports quarterly results Wednesday, were up more than 1%. On Friday, proxy advisor Institutional Shareholder Services recommended shareholders vote against CEO Elon Musk’s proposed $1 trillion pay package.

Cooper Cos. (COO) shares popped 6% on a report by The Wall Street Journal that activist investor Jana Partners had built a stake. Citing people familiar with the matter, the Journal said Jana “plans to push for strategic alternatives, including a potential deal to combine its contact-lens unit with rival Bausch + Lomb.” Shares of Bausch + Lomb (BLCO) were up about 1%.

Elsewhere, Oracle (ORCL) stock, which sank nearly 7% Friday, was rebounding less than 1% before the bell, while shares of Boeing (BA) were up 1.5% after it received Federal Aviation Administration approval to increase 737 MAX production.