Wall Street futures pointed moderately higher pre-bell Monday as traders assessed values after recent tech routs, and weighed the unfolding earnings season.
In the futures, the S&P 500 rose 0.3%, the Nasdaq inclined 0.6%, and the Dow Jones was up 0.2%.
Despite fresh hostilities in the Persian Gulf, West Texas intermediate crude traded down 0.1% to 81.69 a barrel in morning hours.
The VanEck Semiconductor ETF (SMH) was 1.7% higher in pre-bell action.
There is a light week ahead on the economic calendar, although traders will look forward to the S&P Global composite purchasing managers index (PMI) report for July, slated for a Friday release.
Blue chips on the earnings calendar later this week include Alphabet (GOOGL), Tesla (TSLA), Intel (INTC), Texas Instruments (TXN), Interactive Brokers (IBKR), GE Vernova (GEV), NextEra Energy (NEE), Philip Morris International (PM), AT&T (T), T-Mobile US (TMUS), RTX (RTX), Lockheed Martin (LMT), Charles Schwab (SCHW), and American Express (AXP), among others.
S&P 500 companies so far are reporting Q2 earnings up 24.7% on year, according to FactSet data.
Asian exchanges traded mixed overnight, although Seoul declined again on soft semiconductor issues. European bourses tracked evenly at midday on the continent.
Domino's Pizza gained 7.1% pre-bell, after reporting Q2 financial results, and strong revenue and store-location growth.
On the economic calendar is the Conference Board leading indicators report for June, at 10 am.
In pre-market action, Bitcoin traded at $64,292, West Texas Intermediate crude oil traded down 0.3% at $81.51, and 10-year US Treasuries offered 4.56%. Spot gold commanded $4,022 an ounce.
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