Futures Rise As Meta Jumps On $95BN Equity Raise, Oil Slides; Brazil Crashes After Lula Shock

What happened: US futures rose as Meta unveiled a plan to raise up to $95 billion in equity and oil slid on hopes for US-Iran peace talks. Brazil's market crashed after Lula won the runoff. Key numbers: S&P futures +0.4% at 7,665.75, Nasdaq +0.7%, Dow +0.4% (+186 points) to 52,580. Meta +2.4%. Why it matters: Meta's stock rising on a potential $95 billion raise signals the market feared more debt was the alternative. Lula's 51.8%-48.2% win over Flávio Bolsonaro sent Brazilian ADRs down sharply, with the real expected to gap 5-7% lower at the open.

US futures rose as Meta unveiled a plan to raise up to $95 billion in equity and oil slid on hopes for US-Iran peace talks. Brazil's market crashed after Lula won the runoff.

Meta's stock rising on a potential $95 billion raise signals the market feared more debt was the alternative. Lula's 51.8%-48.2% win over Flávio Bolsonaro sent Brazilian ADRs down sharply, with the real expected to gap 5-7% lower at the open.