US futures rose sharply on Monday, ahead of an election that will shape the US government’s response to the ongoing coronavirus pandemic.

Democratic nominee Joe Biden is leading President Trump by 10 points among voters nationally, according to a recent WSJ/NBC News poll.

The street has long been hoping for a definitive result of this Tuesday's election; which would avoid a contested outcome and lead to clarity on additional stimulus as well as new legislation on health care and taxes.

This morning's futures advance comes after last week's trading, where the S&P 500 reported its largest weekly decline since March (-5.56%).

Ahead, in today's economic calendar, Monday includes; Manufacturing PMI data for October at 9:45am, followed by an ISM Manufacturing figure for October at 10:00am EST.

In earnings; Clorox (CLX), AMC Networks (AMCX), Estee Lauder (EL), PayPal (PYPL), Wingstop (WING), Waste Management (WM), Skyworks Solutions (SWKS) and Mondelez International (MDLZ) will report today.

Politics: President Trump Trails Joe Biden By 10 Points. (The WSJ)
President Trump trails by 10 percentage points among voters nationally in the final days of his re-election campaign.

Today's Economical Announcements.
09:45AM - ★★☆ - Manufacturing PMI (Oct) (Previous: 53.3)
10:00AM - ★★★ - ISM Manufacturing PMI (Oct) (Previous: 55.4)

Pre-Market Movers & News Related Stocks.
Estee Lauder (EL): [EARNINGS] Earned $1.44 per share, well above the 90 cents a share consensus estimate. Revenue also beat forecasts and Estee Lauder announced a 10% dividend increase to 53 cents per share.

Dunkin’ Brands (DNKN): [NEWS] Agreed to be acquired by Arby’s owner Inspire Brands for $8.8 billion in cash, or $106.50 per share, the largest North American restaurant acquisition since Burger King owner Restaurant Brands (QSR) acquired the Tim Hortons chain in 2014.

Under Armour (UAA): [UPGRADE] Upgraded to “buy” from “hold” at Stifel Financial, following its upbeat quarterly earnings report on Friday. Stifel cites a number of factors, including improved revenue quality for the athletic apparel maker.

AMC Networks (AMCX): [EARNINGS] Reported quarterly earnings of $1.32 per share, 4 cents a share above estimates. Revenue also exceeded forecasts. AMC said it expects to have 5 million to 5.5 million paid streaming video subscribers by the end of the year.

Clorox (CLX): [EARNINGS] Reported quarterly earnings of $3.22 per share, compared to a consensus estimate of $2.32 a share. Revenue also topped forecasts, as Clorox continued to benefit from purchases by homebound consumers amid the pandemic. Clorox also raised its full-year sales guidance.

General Motors (GM): [NEWS] Has hired Paul Jacobson as its new chief financial officer. Jacobson had been CFO at Delta Air Lines (DAL) since 2012.

Lemonade (LMND): [RATING] Piper Sandler began coverage of the direct-to-consumer insurance provider with an “overweight” rating, noting Lemonade’s technology-forward competitive advantage.

Marathon Petroleum (MPC): [EARNINGS] Lost an adjusted $1.00 per share, less than the loss of $1.70 per share expected by Wall Street analysts. Revenue came in below estimates, however, amid significantly lower demand due to the pandemic’s economic impact.

JPMorgan Chase (JPM): [NEWS] Raised its stake in its China securities joint venture to 71%, after buying a 20% stake from one of its local partners.

Lockheed Martin (LMT): [NEWS] Britain will retake control of a nuclear weapons contract from a consortium that includes Lockheed Martin and Jacobs Engineering (J).

Waste Management (WM): [EARNINGS] Earned $1.09 per share for its latest quarter, 7 cents a share above estimates. Revenue also topped forecasts. The company said it was pleased with its performance despite a challenging economic backdrop.

Nielsen Holdings (NLSN): [NEWS & EARNINGS] Is selling its consumer goods data unit to private-equity firm Advent International for $2.7 billion. With the deal, Nielsen has abandoned its previously announced plan to split itself into two separate publicly traded companies. Separately, Nielsen reported better-than-expected profit and revenue for its latest quarter.

Bank of America (BAC): [NEWS] Said nearly $10 billion of its consumer loan portfolio was in a deferral program as of Oct. 21.

Sony (SNE): [NEWS] Is close to buying US-based anime streaming service CrunchyRoll from AT&T (T) for about $956 million, according to a report by Japan’s Nikkei news service.