US Stock Futures Rise as AI Sector Rebounds, Oil Prices Ease

U.S. stock futures advanced on Monday morning, with technology shares leading the gains, as a rebound in artificial intelligence stocks and a more than 2% slide in oil prices bolstered investor sentiment.

Early Market Action

As of 5:09 a.m. ET, futures tied to the tech-heavy Nasdaq 100 had climbed 1.09%, according to a report from Reuters. S&P 500 E-minis were up 0.63%, while Dow E-minis gained 0.6%, signaling a positive open for Wall Street.

The early optimism was driven by renewed strength in the AI sector, which had recently faced a sell-off, and a pullback in energy prices that eased concerns about inflation and interest rates.

AI and Oil Drive Sentiment

Artificial intelligence-related stocks recovered as investor focus shifted back to signs of expanding corporate spending on the technology. Key movers in pre-market trading included:

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• Intel rose 5.4%
• Marvell Technology added 2.6%
• Meta Platforms climbed 2.4%
• Accenture gained 6% after partnering with Anthropic on a $2 billion AI investment.

Concurrently, a drop in crude oil prices provided relief to equities by pulling down government bond yields. The benchmark 10-year U.S. Treasury yield slipped below the closely watched 5% level amid reports that warring parties in the Middle East were open to a resolution. This drop in yields and energy costs also lifted shares of airline stocks like Delta and American, which each gained about 1%.

Week Ahead: Fed Speakers and Diplomacy

Investors are looking ahead to a busy week of commentary from at least 10 Federal Reserve policymakers, which could provide more clarity on the outlook for interest rates. Markets are currently pricing in a 53% probability of another rate hike next month, according to the CME Group’s FedWatch Tool.

Diplomacy is also in focus with a China-U.S. summit scheduled for Thursday. In other market-moving news, a surge in Bitcoin to a seven-month high lifted cryptocurrency-exposed stocks like Coinbase and MicroStrategy. Warner Bros. shares also rose 7.6% following a report on progress in its proposed merger with Paramount.