Dow Jones futures rise after Wall Street's losing week

U.S. stock futures turned positive Monday after Wall Street suffered a losing week, and the Dow Jones briefly climbed at the open before slipping later. The S&P 500 and Nasdaq rose as chipmakers rebounded and oil eased on diplomacy hopes amid ongoing U.S.-Iran military exchanges, according to CNBC live market coverage.

Key Takeaways

• U.S. equity futures rose Monday after the three major averages closed lower last week.
• The Dow Jones Industrial Average opened up about 0.3%, then later traded down roughly 0.3%, or about 134 points.
• The S&P 500 advanced about 0.3% and the Nasdaq Composite climbed about 0.6% as chipmakers recovered.
• Oil prices flipped from overnight gains to little changed near $82 for U.S. crude as diplomacy hopes emerged.
• Choppy energy markets and a looming earnings slate kept investors cautious despite the rebound bid.

Why did Dow Jones futures turn positive after a losing week?

Coming off a red week for the Dow Jones and the other major U.S. indexes, futures pointed higher into Monday's session. CNBC reported that U.S. stock futures rose in choppy premarket trading after Wall Street's losing week, matching the broader tone that futures tied to the Dow, S&P 500, and Nasdaq edged higher.

Investors appeared willing to buy the dip in technology and semiconductors after recent pressure. That bid helped lift risk appetite even as Middle East headlines remained unsettled.

How did the Dow Jones trade once markets opened?

At the open, all three major averages rose. The Dow Jones Industrial Average climbed 134 points, or 0.3%, while the S&P 500 gained 0.5% and the Nasdaq Composite jumped 0.8% shortly after 9:30 a.m. ET.

Later in the session, leadership narrowed. The S&P 500 was up about 0.3% and the Nasdaq about 0.6%, but the Dow Jones slipped 134 points, or 0.3%, as blue-chip pressure returned.

Chip names provided much of the lift. The VanEck Semiconductor ETF gained more than 2%, with Micron Technology up around 5%, Astera Labs up about 5%, Teradyne more than 6%, and Advanced Micro Devices more than 4%.

What do oil swings and Middle East tensions mean for stocks?

Oil remained a key swing factor. Overnight, Brent briefly topped $90 a barrel and U.S. crude climbed as the U.S. completed a ninth consecutive day of strikes on Iran. By mid-session, U.S. crude futures were little changed near $82, while Brent eased to trade up only marginally near $88.

Sentiment improved after Iranian Foreign Ministry spokesman Esmail Baghaei said intermediaries had kept exchanging messages and that negotiations could be pursued based on national interests. Adam Crisafulli of Vital Knowledge argued investors still doubt a material escalation involving U.S. troop deployments, making some diplomatic resolution more likely.

Still, gasoline prices in the U.S. climbed back above $4 a gallon, a pocketbook reminder for households tracked in Net Worth & Wealth coverage. Reuters and Yahoo Finance also framed the session around choppy oil and a wait for Big Tech earnings, underscoring why energy and corporate results remain twin risks this week.

Is the semiconductor rebound a lasting turn?

Last week's chip sell-off weighed heavily on sentiment, and the VanEck Semiconductor ETF marked its third weekly decline in four weeks. Monday's bounce looked like a relief move after oversold conditions.

Darrell Cronk of Wells Fargo Investment Institute called the semiconductor and AI trade a "healthy reality check," warning that recent technical deterioration raises the risk of a deeper pullback toward longer-term support, including 200-day moving averages. He said a short-term tactical rebound would not be surprising, but that the intermediate-term uptrend has been disrupted.

For investors, Monday's message was mixed: futures and tech recovered after a losing week for the Dow Jones complex, yet oil volatility and geopolitics still set a fragile tone for wealth and portfolio planning.