US stock futures rise as Israel-Iran fears ease, big tech earnings loom

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US stock futures rise as Israel-Iran fears ease, big tech earnings loom

Investing.com-- U.S. stock index futures rose in evening deals on Sunday as Israel avoided striking Iran’s nuclear and oil facilities in a weekend attack, pointing to a less severe escalation in Middle Eastern tensions.

Wall Street indexes were mixed over the past week, as traders piled into technology stocks over other economically sensitive sectors.Oil prices plummeted early Monday, while risk appetite improved after Israel launched a retaliatory strike against Iran over the weekend, but avoided hitting key nuclear and oil facilities.

Wall Street indexes clocked a mixed close on Friday, with the Nasdaq hitting a record intraday high, while the S&P 500 and Dow both floundered below recent peaks. The five firms make up a large chunk of market valuations on Wall Street, with their earnings likely to act as a bellwether for the broader market. This week's earnings are also expected to show whether the artificial intelligence trade remained in play, as major companies ramped up capital spending on the new technology.Scan QR code to install app

 

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