Stock Futures Rise as Oil Prices Fall

U.S. stock futures advanced today as oil prices fell sharply, providing a boost to investor sentiment following last week's losses in technology shares. According to CNBC and Reuters, S&P 500 futures were up 0.5% and Nasdaq-100 futures rose 0.8% in pre-market trading. The drop in oil prices, with Brent crude falling close to 6% and dipping below $100 per barrel, is attributed to expectations of diplomatic negotiations easing tensions related to Iran, thereby reducing concerns over global energy supplies. Analysts noted that eight of the fifteen largest pre-market gainers were technology companies, reflecting a rebound in AI and tech shares after recent declines. Investors are closely watching several upcoming events likely to influence markets this week, including October manufacturing data, corporate earnings led by Apple Inc., and the U.S. midterm elections.