Tech Rout Ebbs, Wall Street Up Pre-Bell; Asia Gains, Europe Off

Wall Street futures pointed moderately higher pre-bell Monday as last week's tech rout receded and traders looked for entry points.

Fresh Persian Gulf hostilities helped lift WTI crude futures to $69.81 a barrel, up 0.8%, although recent media reports indicate the regional ceasefire is again back on.

In the futures, the S&P 500 rose 0.8%, the Nasdaq inclined 1.2% and the Dow Jones was up 0.4%.

The VanEck Semiconductor ETF (SMH) was up 1.5% pre-bell.

Investors await key US employment market reports from Washington this week, being the Job Openings and Labor Turnover Survey, or JOLTS, bulletin for May, slated for a Tuesday morning release, followed on Thursday by the national employment report for June.

Asian exchanges traded mostly higher overnight, while European bourses edged lower midday on the continent.

Comcast (CMCSA) traded up 20.7% after the media and telecom conglomerate disclosed plans to spin off its NBCUniversal and Sky businesses into two independent publicly traded companies.

Nike (NKE), Constellation Brands (STZ), and General Mills (GIS) release earnings results later this week.

On the economic calendar is the Dallas Fed Manufacturing Survey for June at 10:30 am ET.

In premarket action, Bitcoin traded at $60,081, West Texas Intermediate crude oil traded up 0.8% at $69.81, and 10-year US Treasuries offered 4.38%. Spot gold commanded $4,033 an ounce.