U.S. stock futures were mixed on Monday as a rebound in technology stocks lifted the Nasdaq while investors positioned ahead of a critical week of earnings.
Futures for the Dow Jones Industrial Average fell 0.1%, while S&P 500 contracts gained 0.5% after all three major indexes closed lower on Friday.
Contracts for the tech-heavy Nasdaq 100 (^NQ=F) edged up more than 1%, signaling renewed appetite for technology stocks after a bruising stretch for the sector.
The Nasdaq is coming off its worst weekly performance since June, with the S&P 500 also nursing a nearly 2% decline from the prior week.
Semiconductor stocks edged higher in early trading, led by shares of Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD), as confidence in the AI trade showed signs of recovery.
Shares of Nvidia-backed CoreWeave (NASDAQ: CRWV) were poised to open higher after coming under significant pressure last week amid concerns over AI financing.
CoreWeave had shed nearly 12% in recent sessions as investors questioned the sustainability of heavy capital spending tied to artificial intelligence infrastructure buildout.
Tesla (NASDAQ: TSLA) is scheduled to report earnings on Wednesday, following the electric vehicle maker’s unveiling of a jaw-dropping redesign of the Roadster last week.
Social media giant Meta (NASDAQ: META) will also post quarterly results on Wednesday, making it a pivotal day for investors tracking the health of the broader technology sector.
Streaming giant Netflix (NASDAQ: NFLX) is set to report after the market close on Tuesday, adding further momentum to what promises to be a consequential week for corporate earnings.
Oil prices held steady, with Brent crude sitting at $108 per barrel following Ukrainian strikes on Russian oil facilities and fresh attacks on tankers in the Middle East.
West Texas Intermediate crude dropped to $98 per barrel, as geopolitical tensions across multiple regions continued to inject uncertainty into global energy markets.
