U.S. stock index futures pointed to a higher open on Monday as Treasury yields rebounded, quelling fears of a possible recession. Futures also got a boost after the U.S. agreed to extend a temporary reprieve to Chinese telecom giant Huawei
Futures for the Dow Jones Industrials took on 284 points, or 1.1%, to 26,919
Futures for the S&P 500 hiked 31.25 points, or 1.1%, at 2,922.75
NASDAQ futures spiked 100 points, or 1.3%, to 7,711.75
The benchmark 10-year Treasury yields jumped to about 1.61% from around 1.54%. Bank shares rose along with yields. Bank of America traded 2% higher in the pre-market while Citigroup advanced 1.9%. J.P. Morgan Chase climbed 1.8%.
Shares of chip makers rose. On Semiconductor and AMD climbed more than 2% each while Micron Technology gained 1.9% in the pre-market.
Overseas, in Japan, the Nikkei 225 gained 0.7% Monday, while in the Hong Kong, the Hang Seng index rocketing 2.2%
Oil prices gained 23 cents to $55.10 U.S. a barrel.
Gold prices handed back $19.00 to $1,504.60 U.S. an ounce.
