Nasdaq futures indicated a downward trend on Monday, influenced by SK Hynix and other semiconductor manufacturers, while oil prices experienced an uptick following the exchange of airstrikes between the U.S. and Iran over the weekend. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average experienced declines of 0.8%, 0.3%, and less than 0.1%, respectively, in the latest trading session. On Friday, the principal stock indexes experienced an upward trajectory as South Korean memory chip behemoth SK Hynix made a remarkable debut in the U.S. market. The benchmark S&P 500 and tech-focused Nasdaq Composite increased by 1.2% and 1.7%, respectively, for the week, marking their second consecutive weekly gains.

The Dow slipped 0.5%, ending a four-week winning streak. Although U.S.-listed shares of SK Hynix jumped 13% in their first day of trading here, shares pointed 8% lower before the bell Monday. Fellow chipmakers Micron Technology, Marvell Technology, Intel, and Advanced Micro Devices experienced declines in the range of approximately 3% to 6%. The Magnificent Seven mega-cap tech stocks exhibited a mixed performance in premarket trading. Meta Platforms, which soared 6% Friday to lead the septet, slipped less than 1%, while Nvidia declined more than 1% after rising 4% to end last week.

Oil prices experienced an uptick following the exchange of airstrikes between the U.S. and Iran over the weekend. West Texas Intermediate futures, the U.S. benchmark, advanced 3.4% to $73.80 a barrel, while Brent crude, the global benchmark, added 3.3% to $78.50 a barrel. The 10-year Treasury yield, a key determinant of interest rates across various consumer loans such as mortgages, stood at approximately 4.58%, reflecting an increase of nearly two basis points from the previous Friday’s closing value. Bitcoin was trading below 63,000, down from overnight highs above 64,300.

The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, declined slightly to 100.90. Gold futures decreased by 0.4%, settling at $4,075 per ounce. Investors this week will concentrate on various economic indicators and corporate earnings reports, notably the June Consumer Price Index inflation reading and the results from major banks on Tuesday.