Wall Street futures posted gains on Monday, driven by a rally in artificial‑intelligence (AI) stocks and a 2% decline in crude oil prices. The lower energy prices helped pull the 10‑year Treasury yield below the critical 5% threshold, offering a modest boost to equity sentiment.
AI stocks lead the charge
Chipmakers and tech firms that are heavily involved in AI development posted strong advances. Intel rose 5.4%, Marvell added 2.6%, Meta climbed 2.4% and Dell advanced 2.7%. Consulting giant Accenture jumped 6% after announcing a $2 billion partnership with Anthropic to fund AI evaluation efforts.
Oil price slide eases market pressure
Crude oil prices fell 2%, a move that eased pressure on rate‑sensitive sectors such as airlines. Delta Air Lines and American Airlines each gained about 1% as investors welcomed the lower fuel cost outlook.
President Trump signals willingness to meet Iran
Amid ongoing diplomatic tension, President Donald Trump said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to attend the United Nations General Assembly in New York this week. The statement reflects the administration’s hope that a diplomatic breakthrough could help resolve the conflict in the Middle East.
Federal Reserve outlook
The Federal Reserve recently raised interest rates for the first time in three years in response to a spike in inflation. Market participants see a 53% probability of another rate hike next month, according to the CME Group’s FedWatch Tool. Commentary from at least ten policymakers is scheduled this week, beginning with Chicago Fed President Austan Goolsbee on Monday, which could provide further guidance on the rate path.
Other market movers
Bitcoin surged 3.5% to a more than seven‑month high, lifting Coinbase shares 4.6% and Strategy shares 6.8%. Warner Bros. rose 7.6% after reports that Paramount Pictures and California’s attorney general are discussing concessions that could clear the way for a proposed merger between the two studios.
Geopolitical developments
In a separate diplomatic development, the United States and Denmark reached a breakthrough over the status of Greenland, reducing the risk of trade friction between the two nations. Shares of companies with exposure to Greenland rallied, with Critical Metals up 30%, Greenland Mines up 70% and Greenland Energy more than doubling.
Thursday’s China‑U.S. summit is expected to address the trade truce between the superpowers, the ongoing Iran conflict, and potential AI regulation. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded talks on Sunday, during which Bessent proposed a new AI safety notification mechanism.
Market snapshot
At 05:09 a.m. ET, Dow E‑minis were up 311 points (0.6%), S&P 500 E‑minis rose 48.75 points (0.63%) and Nasdaq 100 E‑mins gained 327.25 points (1.09%).
Overall, the combination of AI optimism, lower oil prices and tentative diplomatic progress helped lift market sentiment, even as traders keep a close eye on the Fed’s next policy decision.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
