Nasdaq Futures increased at the beginning of the holiday-shortened week, as technology stocks maintained their upward trajectory following a robust conclusion to the previous week. Futures for the Nasdaq 100 increased by 0.6%, whereas those linked to the S&P 500 and Dow Jones Industrial Average rose by 0.4% and 0.1%, respectively. Major stock indexes experienced a significant increase for the second consecutive session on Friday, with AI-related shares once more at the forefront as investor risk appetite reemerged in the market.
The tech-heavy Nasdaq and the benchmark S&P 500 experienced a modest increase for the week, whereas the blue-chip Dow Jones Industrial Average concluded the five-day period with a decline of 0.7%. Shares of AI-tied firms Micron Technology, Oracle, Advanced Micro Devices, and Nvidia led indexes higher the past two sessions and were rising a respective 3.5%, 2.5%, 1.5%, and 1% further before the bell Monday.
Gold futures reached a historic peak of $4,453 per ounce early Monday, with a recent increase of 1.3% bringing the price to approximately $4,440. On Monday, silver futures reached a new record high exceeding $69.50 per ounce, with recent trading reflecting a 2% increase to approximately $68.85. West Texas Intermediate futures, the U.S. crude oil benchmark, increased by 2% to $57.70 a barrel amid escalating tensions between the U.S. and Venezuela.
Bitcoin was trading around 90,000, up from overnight lows of roughly 87,900. The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, registered a decrease of 0.1%, standing at 98.46. The 10-year Treasury yield, a key determinant of interest rates across various commercial and consumer loans, increased to approximately 4.17%, up from Friday’s closing figure of about 4.14%.