U.S. stock futures rose on Monday as oil prices fell and investors prepared for a busy week of Big Tech earnings.
U.S. stock futures surged on Monday morning as oil prices tumbled and markets entered a high-volume week of corporate earnings. The Dow Jones Industrial Average futures rose 0.8%, the S&P 500 futures gained 0.8%, and the Nasdaq-100 contracts jumped 1.4%. Market sentiment was bolstered by a pause in fighting between the U.S. and Iran, which raised hopes for a de-escalation of the conflict. This pause led to a significant drop in oil prices, with Brent crude futures falling over 5% to trade below $87 a barrel. Investors are now looking ahead to a critical week of Big Tech earnings reports from companies such as Microsoft, Meta Platforms, Apple, and Amazon. Additionally, the Federal Reserve is scheduled to deliver an interest rate decision on Wednesday, with most officials expected to hold rates steady as they monitor inflation progress.