U.S. stock index futures ticked lower on Monday evening after Wall Street rebounded sharply in the regular session, led by gains in technology stocks, while oil prices retreated slightly amid uncertainty surrounding the Middle East conflict.
S&P 500 Futures inched 0.2% lower to 6,745.0 points, while Nasdaq 100 Futures dipped 0.2% to 24,844.0 points by 20:24 ET (00:24 GMT). Dow Jones Futures also fell 0.2% to 47,207.0 points.
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Wall St rebounds on tech gains, Nvidia optimism The three main benchmarks closed firmly higher on Monday, supported by a rebound in technology shares and easing oil prices.
The Dow Jones Industrial Average rose 0.8%, and the S&P 500 gained 1.0%, while the NASDAQ Composite climbed 1.2%.
Technology stocks led the advance, with chipmakers rising after new product announcements at Nvidia’s (NASDAQ:NVDA) annual developer conference.
Shares of Nvidia rose after Chief Executive Jensen Huang said that he expects $1 trillion in orders for Nvidia’s Blackwell and Vera Rubin systems through 2027.
Energy prices also provided support to equities as crude oil pulled back from recent highs. Oil prices retreated on Monday after surging since the start of tensions between Israel and Iran.
However, the Middle East conflict entered its third week, keeping investors cautious as attacks on shipping routes and energy infrastructure threaten supplies moving through the Strait of Hormuz, one of the world’s most critical oil transit chokepoints.
U.S. President Donald Trump said on Monday that efforts to organize a coalition to escort oil tankers through the strait were still under discussion and had not yet been finalized.
Fed decision on tap with inflation risks in focus Investors are now focused on the upcoming policy decision by the Federal Reserve, which is scheduled for Wednesday.
The central bank is widely expected to leave interest rates unchanged as policymakers assess the impact of elevated oil prices and geopolitical tensions on inflation and economic growth.
Market participants will also closely watch updated economic projections and comments from Fed Chair Jerome Powell for signals on the timing of potential rate cuts later this year.
Corporate earnings will also be in focus, with Lululemon Athletica (NASDAQ:LULU), DocuSign (NASDAQ:DOCU) scheduled to report quarterly results on Tuesday
