Pre-Market Update: Nasdaq Futures Jump as AI Stocks Rebound After Friday’s Selloff

TLDR

• Nasdaq 100 futures rose over 1.4% Monday as tech stocks attempted to recover from Friday’s 4% drop
• Nvidia CEO Jensen Huang called the selloff a buying opportunity for AI stocks
• Iran fired missiles at Israel, sending oil prices above $97 a barrel
• The dollar hit a two-month high before easing on ceasefire hopes between Israel and Iran
• CPI and PPI inflation data due this week will shape Fed rate expectations

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US stock futures pointed higher Monday morning as tech investors looked to buy the dip after the Nasdaq Composite dropped 4% on Friday — its worst single-day loss of the year.

Nasdaq 100 futures rose 1.4%. S&P 500 futures climbed 0.8%, while Dow futures added around 0.3%.

E-Mini S&P 500 Jun 26 (ES=F)

The Friday selloff was driven by a sharp rotation out of semiconductor stocks and into defensive areas of the market. A strong May jobs report fueled bets that the Federal Reserve could raise interest rates later this year, putting pressure on high-growth tech names.

Chip stocks bounced back in premarket trading. Micron rose 4% and Nvidia added nearly 2%.

Nvidia CEO Jensen Huang publicly suggested the tech selloff was a buying opportunity for investors in the AI trade. His comments helped shift sentiment heading into the Monday session.

The S&P 500 snapped a nine-week winning streak on Friday. Investors are now watching closely to see if the recovery has legs.

Middle East Tensions Push Oil Above $97

Iran fired missiles at Israel for the first time since April. Israel struck back, despite calls from President Trump for both sides to stand down.

Brent crude futures jumped over 4% to nearly $97 a barrel. West Texas Intermediate neared $95.

The escalation raised fresh concerns that a US-brokered ceasefire with Iran could collapse. Trump posted on Truth Social that both sides are looking at an immediate ceasefire and that negotiations toward a peace deal are moving forward.

The dollar index hit a two-month high of 100.21 before pulling back 0.2% after the ceasefire comments.

Higher oil prices add complexity to the inflation outlook. The Fed is already watching price pressures closely following last week’s strong jobs data.

The Consumer Price Index report drops Wednesday. The Producer Price Index follows Thursday. Both will give the Fed a clearer picture on whether inflation is picking back up.

Also on the calendar this week: Oracle reports earnings Wednesday, and SpaceX is expected to go public Friday in what could be the largest IPO on record.

Markets remain on unsteady ground as investors juggle geopolitical risk, rate uncertainty, and a fragile recovery in tech.

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