U.S. stock futures rose Monday morning as AI-linked shares bounced back from last week’s sharp selloff, with easing oil prices and steadier Treasury yields adding to investor optimism.
At about 5 a.m. ET, Dow E-minis were up 0.03 percent, S&P 500 E-minis up 0.47 percent and Nasdaq 100 E-minis up 0.99 percent, according to Reuters.
The rebound follows a bruising week for technology. The S&P 500 and Nasdaq posted their biggest weekly drops since late June: the Nasdaq fell more than 4 percent — its worst week since June — while the S&P 500 lost about 2 percent; the Dow managed a 0.7 percent gain for the week.
AI-linked names led Monday’s recovery. CoreWeave rose 1.3 percent in premarket trading after plunging nearly 12 percent on Friday on worries about debt-funded data-center spending; Broadcom added 2.3 percent; Nvidia climbed 1.1 percent; and Intel jumped 3.8 percent after JPMorgan upgraded the stock to neutral from underweight.
Oil slips as markets weigh Russia sanctions relief
Brent crude fell 1.8 percent to around $107 a barrel after President Trump’s decision to waive some sanctions on Russia, with Secretary of State Marco Rubio saying Saturday the president would take up to 60 days to assess the economic impact.
The relief may prove fragile. Iran reported that another tanker had hit a mine in the Strait of Hormuz, and the cost of shipping and insurance was keeping oil prices for actual delivery far higher. Iran’s proposal to reopen the strait remains on the table, subject to U.S. conditions, Reuters reported on Oct. 18.
What it means for your money
For ordinary savers and borrowers, Monday’s move brings only partial relief. The 10-year Treasury yield held near 5.09 percent on Monday morning — down slightly on the day, but still at levels that keep mortgage and credit-card borrowing costs elevated. A calmer bond market and a steadier stock market would be welcome news for retirement accounts after last week’s rout, while oil still hovering near $107 a barrel keeps upward pressure on gasoline prices.
Big week of earnings ahead
Investors are braced for a heavy week of technology earnings, with Meta, SpaceX and Netflix reporting this week, Tesla on Wednesday, and ExxonMobil and General Motors also on the schedule. Whether those companies’ AI spending holds up under scrutiny will decide whether Monday’s bounce lasts.
This story is developing.
Sources: Reuters; Investopedia; TipRanks.
