September S&P 500 E-Mini futures (ESU26) are up +0.72%, and September Nasdaq 100 E-Mini futures (NQU26) are up +1.09% this morning, pointing to a higher open on Wall Street as investors cautiously move back into risky assets at the start of a holiday-shortened week.
Technology stocks led the gains in U.S. equity futures as investors stepped in to buy the dip following last week’s selloff. Sentiment was supported by an Axios report that the U.S. and Iran agreed to pause strikes and meet this week in Qatar to resume talks on the Strait of Hormuz and other issues. The two sides exchanged tit-for-tat strikes over the past several days over the waterway through which one-fifth of the world’s oil and gas once flowed.
