Stock futures rose Monday, with tech rebounding after a tough week. Investors also weighed a pause in hostilities between the U.S. and Iran.
Futures for the Dow Jones Industrials slid 44 points, or 0.1%, to 52,298.
Futures for the S&P 500 index weakened 33 points, or 0.5%, to 7,390.25.
Futures for the NASDAQ Composite shed 332.75 points. or 1.1%, to 29,392.50.
This week will mark the end of June trading. As of Friday’s close, the S&P 500 is down 3% for the month, while the NASDAQ has fallen more than 6%. The Dow, meanwhile, has climbed more than 1%.
Arm led the way in premarket trade, rising 1.9%, as Marvell added 1.6%, while Intel advanced 1.1%.
SpaceX was also set to open 2% higher after NASDAQ announced last week that Elon Musk’s satellite company will be fast-tracked onto the NASDAQ next month.
Comcast shares, meanwhile, rallied 23% after it said it will spin off its media and tech businesses into two publicly traded companies. The separation is expected to be completed in about a year.
The U.S. and Iran agreed Sunday to pause hostilities and allow commercial vessels to transit the Strait of Hormuz freely, following a weekend of military exchanges that threatened to derail negotiations aimed at ending their conflict.
In Japan, the Nikkei 225 moved forward 0.2% Monday, while in Hong Kong, the Hang Seng stormed higher 1.6%.
Oil prices tallied 73 cents to 69.96 cents U.S. a barrel.
Gold prices dulled $53.40 to $4,042.90 U.S an ounce.
