Nasdaq futures indicated an upward trajectory on Monday, driven by technology stocks, as both oil prices and Treasury yields experienced a decline. The Dow Jones Industrial Average has experienced a decline for three consecutive weeks, while the S&P 500 has seen a downturn for two successive weeks. Futures for the Nasdaq 100, Dow, and S&P 500 experienced increases of 1.1%, 0.8%, and 0.7%, respectively, in the latest trading session. The blue-chip Dow experienced a decline of 1.7% last week, marking its most significant weekly performance drop since March, while the benchmark S&P 500 edged down by 0.1% over the five sessions. The tech-focused Nasdaq Composite concluded the week with a gain of 0.7%.

Shares of chipmakers and other AI-related companies indicated an upward trajectory prior to the market opening on Monday. The iShares Semiconductor ETF rose 2.5%, aided by a 6% rise in Intel shares, while Roundhill’s Memory ETF was up 2.5% as the likes of Micron Technology, Western Digital, and Sandisk gained. Later this week, President Donald Trump will convene with Chinese leader Xi Jinping in Washington, where discussions are anticipated to center around artificial intelligence. On Sunday, Treasury Secretary Scott Bessent stated that after a meeting with Chinese Vise Premier He Lifeng, the two nations had deliberated on establishing a “U.S.-China AI Dialogue.” Meanwhile, the 10-year Treasury yield, which serves as a benchmark for a wide range of interest rates, including those for mortgages, corporate bonds, and other loans, experienced a pullback as oil prices declined. The yield recently stood above 4.95%, reflecting a decline of more than four basis points from the close on Friday.

The Federal Reserve on Wednesday raised interest rates for the first time in three years, prompting investor focus to shift toward the anticipated trajectory for future rates. According to the CME FedWatch tool, traders assign a 53% probability to the Federal Reserve increasing rates by a quarter-percentage point above its new range of 3.75% to 4% during the late-October meeting, while there is an 88% probability of a similar increase occurring in December. Oil prices experienced a decline on Monday, despite the fact that Iran-backed Houthi rebels in Yemen launched missiles at Saudi Arabia over the weekend. Additionally, President Donald Trump issued a warning to Iran during an interview with Fox News, stating that it “better behave.” U.S. benchmark West Texas Intermediate prices decreased by 2.6% to $97.70 a barrel, whereas Brent crude futures, the international benchmark, fell by 2.7% to $101.10.

Crypto-tied stocks Robinhood Markets, Coinbase Global, Strategy, MARA Holdings, and Circle Internet Group experienced a notable surge before the bell as bitcoin traded around $84,200, recovering from overnight lows of approximately $80,600. All of the Magnificent Seven group of mega-cap tech stocks but Apple pointed higher before the bell, led by a nearly 3% advance by Meta Platforms. The Roundhill Magnificent Seven ETF was up around 1.5%. Elsewhere, shares of Paramount Skydance surged 7.5% following a report indicating that Paramount and California’s attorney general engaged in discussions regarding concessions to resolve a lawsuit that is obstructing its $81 billion merger with Warner Bros. Discovery, whose shares experienced a 7% increase. The U.S. dollar index, which monitors the value of the greenback against a selection of foreign currencies, increased to 100.28. Gold futures fell by 0.9% to $4,385 per ounce.