US stock futures rose on Monday as lower oil prices eased inflation concerns and supported technology shares. The premarket readings showed Dow futures gaining more than 300 points, while S&P 500 and NASDAQ-100 futures climbed about 0.6% and 1.1%, respectively.
Investors also prepared for fresh Federal Reserve comments and Thursday’s Trump-Xi summit.
West Texas Intermediate crude fell more than 2% to about USD 98 per barrel, while Brent crude dropped near USD 101. Prices retreated for a fourth session as oil continued to move through the Strait of Hormuz. Possible diplomatic talks between the United States and Iran also reduced immediate supply fears.
Oil remained under pressure even after Iran-backed Houthis reported attacks against Saudi Arabia during the weekend. President Donald Trump said he would consider meeting Iranian President Masoud Pezeshkian, who is due in New York for the United Nations General Assembly. However, Washington and Tehran continued to exchange threats, leaving traders alert to further developments.
Technology shares led the market rebound as investors returned to artificial intelligence stocks. Intel rose more than 5% before the opening bell, while Marvell gained about 2.6%. Meta added more than 2%, while Dell also advanced. NVIDIA, AMD and Micron posted smaller premarket gains as demand for AI computing remained in focus.
Accenture climbed about 6% after announcing a partnership with Anthropic involving USD 2 billion in AI model evaluation. The move helped ease some of the concern that followed recent warnings from AI company leaders about advanced model development. Investors instead focused on continued spending on chips, data centres and computing systems.
Bitcoin added about 3.5% and reached its highest level in more than seven months. The move supported crypto-related companies. Coinbase gained nearly 5%, while Strategy rose nearly 8% in premarket trading.
The 10-year US Treasury yield slipped below 5% as falling crude prices reduced some inflation pressure. The benchmark yield traded near 4.96% after reaching elevated levels during the previous week. Lower yields also supported growth stocks, which often face pressure when borrowing costs increase.
The Federal Reserve raised interest rates last week for the first time in three years as policymakers responded to persistent inflation. Futures markets placed the probability of another increase next month near 53%. Meanwhile, at least 10 Fed officials are due to speak during the week, starting with Chicago Fed President Austan Goolsbee.
Moreover, the Dow fell 1.7% last week, recording its weakest weekly performance since March. The S&P 500 slipped about 0.1%, while the NASDAQ gained 0.7%.
Reuters reported that the S&P 500 moved back above its 50-day average, but it would need to clear its September 11 high of 7,677.02 to restore stronger upward momentum.
Investors will watch Thursday’s meeting between Trump and Chinese President Xi Jinping. The leaders are expected to discuss tariffs, critical minerals, artificial intelligence, and a possible extension of the US-China trade truce.
Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng before the summit and described their talks as ‘very successful.’ He also proposed an AI notification system for incidents that could threaten national security. Still, traders await clear policy details from the meeting.
Other stocks also made large moves. Greenland Energy more than doubled after the United States and Denmark reached a security agreement involving Greenland. Greenland Mines rose nearly 70%, while Critical Metals gained more than 30%.
Warner Bros. Discovery also climbed about 7% amid reports of progress in Paramount’s proposed merger settlement.
Global markets followed Wall Street futures higher. Europe’s Stoxx 600 gained about 0.7%, while South Korea’s Kospi rose 1.65%. Hong Kong and mainland Chinese shares also advanced. However, oil and gas companies weakened as crude prices extended their decline.
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