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Boeing ( BA ) falls on stock offering

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Energy shares track crude prices lower

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169 S&P 500 companies to report this week

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Futures up: Dow 0.34%, S&P 500 0.47%, Nasdaq 0.65%

(Updated at 8:32 a.m. ET/1232 GMT)

By Lisa Pauline Mattackal

Oct 28 (Reuters) - Wall Street was set to open higher on

Monday, with the main U.S. stock indexes poised to recoup some

losses following a turbulent trading week, ahead of key

corporate earnings and the final phase before the Nov. 5

presidential election.

Dow E-minis were up 143 points, or 0.34%, S&P 500

E-minis were up 27.5 points, or 0.47%, and Nasdaq 100

E-minis were up 133.25 points, or 0.65%.

The main focus was on events in the week ahead, most notably

corporate results, with around 169 S&P 500 companies scheduled

to report through the week.

That includes the bulk of the "Magnificent Seven" group of

megacap technology giants that have been Wall Street's biggest

drivers this year, as equities rallied to all-time highs.

Alphabet rose 2.2%, Meta Platforms ( META ) was up

1.5% and Microsoft ( MSFT ) was 0.8% higher in premarket

trading, ahead of their results later in the week.

Apple ( AAPL ) and Amazon.com ( AMZN ) also report this

week. The five companies jointly make up about 23% of the S&P

500's weightage, and investor reaction to their results will be

a key determining factor in whether indexes continue to climb or

retreat.

"It would be an understatement to say it's a huge week for

earnings as five of the largest companies in the world report,"

said Jay Woods, chief global strategist at Freedom Capital

Markets.

"Capital expenditure will continue to be a major focus as

they spend feverishly due to strong AI demand ... will this be

perceived as money well spent or will the stocks get punished?"

AI-chip heavyweight Nvidia ( NVDA ) rose 1%. It had briefly

become the world's most valuable company on Friday.

Israel's response to an Iranian missile attack earlier this

month focused, so far, on missile factories and other sites near

Tehran, rather than on refineries or nuclear targets, assuaging

some worries about the situation in the region.

"The market is worried about a real escalation in the war in

the Middle East, and that doesn't seem to (be) that likely,

based on the recent attack" said Jan von Gerich, chief analyst

at Nordea.

Shares of oil companies fell as crude prices slumped 5%,

with Exxon Mobil ( XOM ) losing 2.9% and Occidental Petroleum ( OXY )

dropping 2.7%.

An uptick in yields in the past week unsettled equities and

saw the S&P 500 and the Dow Jones Industrial Average

snap their six-week winning streaks as investors

increasingly expect the Federal Reserve to be less dovish than

initially expected.

Economic data due this week will be crucial for that

assessment, most notably the release of the Personal Consumption

Expenditures index - the Fed's preferred inflation measure - and

the crucial nonfarm payrolls report.

Investors all but expect a 25-basis point rate reduction at

the U.S. central bank's next meeting, according to CME's

FedWatch.

Focus was also on the Nov. 5 U.S. presidential election,

with markets more broadly pricing in a second Donald Trump

administration.

Boeing's ( BA ) shares dipped 1.6% after the planemaker

launched a stock offering that could raise up to $19 billion in

a bid to shore up its finances amid an ongoing worker strike.