Nasdaq and S&P 500 futures climb over 0.7% as falling energy costs and tech-sector strength offset concerns regarding Middle East tensions and stagnant industrial production data.
Dow futures advanced 0.87% indicating a higher opening despite Friday's decline.
S&P 500 futures gained 0.71% and the index closed higher on Friday.
Nasdaq futures climbed 1.1% and the composite rose on Friday, supported by tech and semiconductor gains.
US crude futures fell below $100 a barrel amid hopes for diplomatic progress in the Middle East.
Philadelphia Semiconductor Index climbed 2.8%, reflecting strength in semiconductor shares.
NYSE Arca Broker/Dealer Index gained 1.1% as brokerage stocks recorded gains.
US stock futures are pointing to a higher opening as crude oil prices retreat below $100 per barrel, easing inflation concerns. Investors are also buoyed by renewed optimism in the artificial intelligence sector, which continues to support technology and semiconductor shares despite lingering geopolitical uncertainty in the Middle East.
Markets are reacting positively to a sharp decline in oil prices below $100 per barrel and sustained investor optimism surrounding the artificial intelligence sector.