Stock futures climb as traders try to recover from the S&P 500's losing week: Live updates

Stock futures rose on Sunday evening as traders sought to shake off the S&P 500’s weekly loss.

S&P 500 futures were up 0.4% while Dow Jones Industrial Average futures added 154 points, or 0.3%. Nasdaq-100 futures gained 0.6%.

Rising oil prices and a broadening sell-off that hit many market sectors dragged the three major averages to losses on Friday. The Dow fell more than 650 points, while the S&P 500 lost 0.5%. The Nasdaq Composite dropped 0.2%

The sell-off also dragged the S&P 500 and the Nasdaq to back-to-back weekly losses.

On Friday, Brent crude rose more than 3% to $116.72 a barrel for its highest settle since April, while U.S. West Texas Intermediate also rose 3.8% to settle at $103.27 a barrel. Energy prices rose amid news reports that the U.S. and Israel could be planning attacks on Iran after the midterm elections.

France, whose 10-year bond yield touched 5% last week for the first time since 2002, got a reprieve from recent turmoil after Moody’s decided to maintain its Aa3 credit rating and negative outlook on the nation. Traders feared that the nation, the second-largest economy in the euro zone, would be heading for a downgrade amid its surging borrowing costs.

“A significant and sustained fiscal effort will still be needed beyond the presidential elections of April and May 2027 to bring France’s public finances onto stronger footing and stabilise a debt burden that will exceed 120% of GDP in 2027,” the agency said Friday.

Moody’s added it could upgrade France’s outlook to stable if the country’s institutions can reduce the deficit.

Traders are awaiting the Federal Reserve’s decision on Wednesday. Fed funds futures trading suggests a 90% likelihood that policy makers will hold interest rates at the current target range of 3.75% to 4%.