US stock futures climbed on Monday, buoyed by a sharp decline in oil prices and a rebound in technology shares, according to multiple financial sources. The move comes after a period of volatility in global markets, with investors closely monitoring geopolitical developments and upcoming political events in the United States.
Futures tied to the Dow Jones Industrial Average and the Nasdaq-100 Index were both up by triple digits in early trading, while S&P 500 futures posted more modest gains, Schaeffer’s Research reported. The advance follows a challenging week for tech stocks, which had suffered steep losses amid concerns over artificial intelligence spending and disappointing corporate earnings.
The recovery in US futures was attributed in part to a significant drop in oil prices, which fell below $100 per barrel. According to Bloomberg and Yahoo Finance, the decline was linked to growing expectations of diplomatic negotiations easing tensions involving Iran, reducing fears over potential disruptions to global energy supplies.
Investors are also looking ahead to several major catalysts this week, including the release of October manufacturing data, Apple Inc.’s earnings report, and the US midterm elections. TheStreet noted that renewed optimism from the Middle East contributed to the positive sentiment, as hopes for de-escalation in the region appeared to calm energy markets.
Asian markets mostly finished higher, with South Korea’s Kospi leading gains with a 2.2% increase, followed by China’s Shanghai Composite, which rose 1.1%. Hong Kong’s Hang Seng index added 0.4%, while Japan’s Nikkei bucked the trend with a slight decline, according to Schaeffer’s Research.
The Nasdaq Composite had suffered its worst monthly loss since March 2025, while the Dow Jones was the only major US index to post gains in October. The recent volatility was driven by a combination of rising oil prices, concerns over the Middle East, and uncertainty surrounding the trajectory of the US technology sector.
Market participants are now focused on the upcoming US midterm elections, which are widely seen as a potential turning point for both domestic policy and investor sentiment. In addition, the release of the monthly jobs report and a new round of corporate earnings, including results from Apple, are expected to provide further direction for markets.
The rebound in futures follows a period of heightened risk aversion, with investors seeking safety amid geopolitical tensions and fluctuating commodity prices. The recent easing in oil prices has helped alleviate some of those concerns, providing a boost to equities, especially in the technology sector.
Why it matters
The sharp rise in US stock futures and the rebound in technology shares signal renewed confidence among investors after a turbulent period marked by geopolitical uncertainty and sector-specific selloffs. The drop in oil prices below $100 per barrel, attributed by Bloomberg and Yahoo Finance to expectations of diplomatic progress in the Middle East, has eased fears of an energy supply shock and reduced inflationary pressures.
This shift is particularly significant ahead of the US midterm elections, which, as noted by Schaeffer’s Research, are a key focus for markets this week. The outcome of the elections could influence fiscal and regulatory policy, with potential implications for both the energy sector and technology companies. The recovery in tech stocks, following the Nasdaq’s worst monthly loss since March 2025, highlights the sector’s sensitivity to broader market sentiment and geopolitical developments.
Looking ahead, investors are watching for further signals from corporate earnings—especially from major players like Apple—and economic data releases to gauge the sustainability of the current rebound. The interplay between geopolitical events, energy prices, and market performance remains central to the outlook for global equities in the days ahead.
The image accompanying this article is an AI-generated illustrative depiction inspired by the actual scene of the event.
