Stock futures rise as investors return to AI shares and oil slips
U.S. stock futures pointed higher before Monday’s open, led by a rebound in tech and chip stocks after the market’s worst week since June, while oil prices fell after President Donald Trump waived most sanctions on Russia late last week. These are premarket moves; the regular session opens at 9:30 a.m. ET.
Futures: S&P 500 futures were up 0.7%, Dow futures 0.4% and Nasdaq futures 1.2% early Monday, The Wall Street Journal reported at 4:34 a.m. ET, with Nvidia up more than 2% premarket. Intel rose more than 4% premarket after JPMorgan analysts upgraded the chipmaker, and CoreWeave, which plunged more than 25% last week over debt concerns, gained 3%, CNBC reported.
Last week’s selloff: The S&P 500 lost nearly 2% last week, its biggest weekly decline since late June, and the Nasdaq fell 4.5%, CNBC reported. Investors have worried about heavy debt and equity issuance to fund AI infrastructure, Investing.com reported. CNBC also cited its own report, based on sources, that Anthropic’s third-quarter revenue was $16.8 billion, up from $11.6 billion in the second quarter, which raised questions about the pace of growth.
Oil and bonds: Brent crude fell 2.6% to $106.97 a barrel and U.S. West Texas Intermediate fell 2.0% to $99.36 by 3:56 a.m. ET, Investing.com reported, as markets positioned for more supply after Trump’s Russia waivers. The 10-year Treasury yield was about 5.09%, down more than 1 basis point, CNBC reported.
What’s next: Earnings this week from AI-linked companies including Meta, IBM and Texas Instruments will help shape AI sentiment, the Journal reported. Futures can change before the opening bell, and no closing figures are available yet.