Stock Market Continues Winning Streak, Futures Mixed as Investors Await Policy Cues

S&P 500 futures rose 0.2% after the index extended its longest winning streak in two years. Disney shares jumped 4% after reporting better-than-expected profit and expanding its cost-cutting plan, while Arm shares dipped 5% following its first quarterly report as a public company. Lyft dropped nearly 2% as bookings came in worse than anticipated. China's consumer prices declined in October, and shares of property developer Country Garden plunged over 6% in volatile trading. In the bond market, BNP Paribas suggests buying "fallen angels" in the high-yield credit segment for an 8% yield, while Morgan Stanley recommends buying gold stocks. Large-cap active fund managers outperformed in October, and the Nasdaq Composite is on track to end the week up more than 1%.