5 Things to Know Before the Stock Market Opens on Monday

• Nasdaq futures rose 1.1% while S&P 500 and Dow futures gained 0.5% and 0.4% respectively, attempting to rebound from last week's tech-driven selloff amid AI sustainability concerns
• WTI crude oil swung from overnight highs above $85 per barrel down to $81 after Iran's Foreign Ministry indicated possible negotiations with the U.S. following nine consecutive days of military strikes
• Major earnings reports scheduled this week include Alphabet and Tesla on Wednesday, Intel on Thursday, plus results from American Express, AT&T, Verizon, and General Motors

Market Summary: Monday Pre-Market Overview

Market Futures & Last Week's Performance:

Stock futures point to a recovery after last week's broad losses. Nasdaq futures rose 1.1%, S&P 500 futures gained 0.5%, and Dow futures added 0.4%. Last week marked the first time since early June that all three major indexes declined, with the Nasdaq dropping nearly 3%, the S&P 500 falling 1.6%, and the Dow losing 0.9%. Technology and chip stocks led the selloff amid concerns about AI sustainability.

Commodities:

WTI crude oil futures showed extreme volatility, surging above $85/barrel overnight before retreating to $81—down 2%—following diplomatic signals from Iran. Gold futures traded slightly higher at $4,030/ounce, while Bitcoin held steady around $64,300. Gas prices nationwide crossed $4/gallon for the first time recently, up from under $3 before late February, with California at $5.50 and Indiana at $3.35.

Geopolitical Developments:

Intensified U.S.-Iran conflict drove oil volatility, with the U.S. conducting strikes for nine consecutive days following a third service member's death. Iran retaliated with attacks on facilities in Bahrain and Kuwait. Markets responded positively to Iran's Foreign Ministry suggesting negotiations remain possible.

Earnings Season:

A critical week for Big Tech earnings begins, with Alphabet and Tesla reporting Wednesday after the close, followed by Intel on Thursday. Other notable reports include American Express, AT&T, Verizon, Comcast, ServiceNow, American Airlines, and General Motors.

Individual Stock Movement:

SpaceX stock rose 1.6% in premarket trading, ending a six-session losing streak that saw shares decline 19% and fall 45% from record highs above $225 set shortly after its IPO.