U.S. stock futures rose on Monday as traders braced for a big week filled with a Federal Reserve rate decision, jobs report and Apple’s earnings report. S&P 500 futures added 0.6%, while Nasdaq-100 futures gained 0.7%. Dow Jones Industrial Average futures were up 188 points, or 0.6%. The 30-stock index got a boost from McDonald’s shares. The fast food giant gained 2% in the premarket after reporting third-quarter results that topped analyst expectations as price hikes bolstered U.S. same-store sales. SoFi Technologies shares popped more than 5% after the financial services company posted a strong third-quarter revenue beat and raised its full-year outlook. The moves come after the S&P 500 fell into correction territory last week. The broader index shed 2.5% for the week to put it down by 10.6% from its 2023 high. It’s off 4% for October, on pace for its third-straight negative month which would be its first such streak since 2020 as the pandemic struck. “We expect an oversold bounce inspired by a less-hawkish Fed and a market that has adjusted to Treasury’s increasing liquidity needs,” Christopher Harvey, head of equity strategy at Wells Fargo Securities, wrote on Monday. The Federal Reserve decision looms on Wednesday, where the central bank is widely expected to hold its benchmark interest rate at the same level. With surging interest rates as the main culprit of this stock market correction, investors will be hoping the Fed signals it could be done raising rates. Traders expect the Fed to be done raising rates at least for 2023. Apple will report earnings Thursday after the bell. The S&P 500′s largest member is in a correction itself, down 15% from its 52-week high. U.S. Treasury yields were higher on Monday to kick off a big week of events including a Federal Reserve monetary policy meeting and the release of key economic data. The yield on the 10-year Treasury was up by 6 basis points at 4.905%. The 2-year Treasury yield was trading 5 basis points higher at 5.064%. Asia-Pacific markets started the week mixed ahead of key economic data from around the region. Japan’s Nikkei 225 slid 0.95% to end the day at 30,696.96, as the Bank of Japan starts its two-day monetary policy meeting, while the Topix lost 1.04% to close at 2,231.24. In contrast, South Korea’s Kospi was up 0.34%, ending at 2,310.55 and the small-cap Kosdaq closed up 1.15% at 757.12. In Australia, the S&P/ASX 200 slipped 0.79% to 6,772.90, as the country saw a faster than expected rise in its September retail sales. Hong Kong’s Hang Seng index slipped 0.08% in it final hour, while the mainland Chinese CSI 300 index ended the day up 0.6% at 3,583.77. Oil prices dipped even after Israel sent ground forces into the Gaza Strip, raising tensions in the Middle East, as investors closely monitor the U.S. Federal Reserve’s monetary policy meeting later this week. Global benchmark Brent was down 1% at $89.60 per barrel. The U.S. West Texas Intermediate futures last declined 1.1% to $84.61 per barrel. Gold prices traded around the key $2,000 level on Monday, as investors positioned cautiously ahead of the U.S. Federal Reserve’s policy meeting this week and safe-haven demand due to the Middle East conflict provided a floor. Spot gold was up 0.3% at $2,003.40 per ounce. U.S. gold futures slid 0.6% to $1,993.56. Spot gold prices surpassed the closely watched, psychological $2,000 level for the first time since mid-May, as investors piled into safe-haven bullion.