Nasdaq-100 futures lead a broad market rebound as oil prices retreat over 3% and investors focus on upcoming U.S.-China diplomatic talks regarding AI and trade.
WTI crude fell over 3% to $97.09 after Houthi attacks on Saudi Arabia, yet oil flows remain strong.
Brent crude lost more than 3% to near $101, heading for a fourth consecutive daily decline.
Nasdaq-100 futures led gains with a 1.1% rise, driven by AI-linked semiconductor shares.
Dow futures rose 0.8% as oil prices fell, indicating a positive market open.
S&P 500 futures gained 0.7% amid a rebound from last week's losses.
U.S. stock futures climbed Monday, led by a 1.1% gain in Nasdaq-100 contracts as investors pivoted toward AI-linked semiconductor shares. The rally follows a sharp decline in oil prices, with WTI crude falling to $97.09, helping markets recover from last week's losses ahead of a high-stakes summit between President Trump and President Xi Jinping.
While Houthi attacks on Saudi Arabia initially caused concern, JPMorgan analysts noted that global oil flows remain surprisingly strong, leading to a price correction.
The meeting is expected to cover a broad agenda including trade tariffs, critical minerals, and the establishment of frameworks for managing national-security risks related to artificial intelligence.