U.S. stock futures fell slightly on Monday after the Dow Jones Industrial Average and S&P 500 notched their best weekly win streaks of 2024. Dow futures slipped 97 points, or 0.2%. S&P 500 futures and Nasdaq-100 futures lost 0.3% and 0.6%, respectively. The moves come after both the S&P 500 and 30-stock Dow registered all-time highs on Friday, cementing a sixth straight weekly advance for both benchmarks. The S&P 500 ended the week 0.85% higher, while the Dow closed up 0.96%. The Nasdaq Composite climbed 0.80%. Whether stocks can sustain those gains may depend on whether companies can beat expectations this earnings season, which is set to ramp up this week. Roughly one-fifth of S&P 500 companies are set to report through Friday. Thus far, the results have been mixed. Of the 14% of S&P 500 companies that have already posted third-quarter results, 79% have beaten expectations, according to FactSet’s John Butters. However, the magnitude of those beats have been more lackluster, he noted. The recent winning streak has investors optimistic equities still have further to run. Still, they are mindful that stretched valuations, ahead of the U.S. presidential election and amid rising geopolitical risks, could also mean further choppiness. “If we’re not really getting the kind of confirmation that the market is worth this elevated price, you know, then we could end up seeing a digestion of gains come fairly soon,” said Sam Stovall, chief investment strategist at CFRA Research. Elsewhere, on the economic front, leading indicators for September are due out Monday, at 10 a.m. ET. The U.S. 10-year Treasury yield rose above 4.11% on Monday as investors awaited a flurry of speeches from Federal Reserve policymakers. The yield on the 10-year Treasury rose about 5 basis points to 4.128%. The yield on the 2-year Treasury was up about 3 basis points to 3.987%. Asia-Pacific markets were mixed Monday as traders assessed China’s loan prime rate announcement, with focus also on Japan’s general election at the end of this week. China’s central bank cut the one- and five-year LPRs by 25 basis points to 3.1% and 3.6%, respectively. Japan’s benchmark Nikkei 225 closed marginally lower at 38,954.6, while the broad based Topix fell 0.34% to 2,679.91. South Korea’s Kospi climbed 0.43%, snapping a three day losing streak and ending at 2,604.92, while the small-cap Kosdaq jumped 0.89% to 759.95, also ending a three day losing streak. Australia’s S&P/ASX 200 closed up 0.74% at 8,344.4. Hong Kong’s Hang Seng index fell 1.43% as of its final hour, while mainland China’s CSI 300 rose 0.25% to 3,935.19. U.S. crude oil futures jumped more than 2% on Monday, reclaiming some of the losses from last week’s steep sell-off. The U.S. benchmark finished last week more than 8% lower as traders increasingly believe Israel-Iran tensions will not lead to an oil supply disruption in the Middle East. Prices rose Monday after China cut its benchmark lending rate. Saudi Aramco CEO Amin Nasser said he remains “fairly bullish” on demand in the world’s second largest economy. West Texas Intermediate November contract: $70.82 per barrel, up $1.60, or more than 2%. Year to date, U.S. crude is oil has fallen about 1%. Brent December contract: $74.50 per barrel, up $1.44, or 2%. Year to date, the global benchmark has declined more than 3%. Gold rose to a fresh high on Monday, extending its blazing rally amid uncertainties surrounding the U.S. election, simmering Middle East tensions and rate cuts by major central banks, while silver scaled a near 12-year peak. Spot gold was up 0.6% at $2,735.75 per ounce. U.S. gold futures were 0.8% higher at $2,751. Helped by bullion’s rally, spot silver rose 1.2% to $34.05 per ounce, its highest since late 2012. “The current market environment consists of interest rates moving south combined with heightened geopolitical risks — a scenario which suits gold on both fronts,” said Tim Waterer, chief market analyst at KCM Trade.