Stock futures rise slightly after rip-roaring rally leads Dow to record closing high: Live updates

Stock futures rose slightly on Monday night following a huge move higher during regular trading, powered by a decline in oil prices and sharp gains in major tech names.

Dow Jones Industrial Average futures were up about 0.2%, or 83 points. S&P 500 futures gained around 0.1%. Nasdaq-100 futures advanced 0.2%.

In Asia, Japan’s Nikkei 225 was poised to fall, with its Chicago futures contract at 63,560 and its Osaka counterpart last trading at 63,470 compared with the index’s previous close of 63,754.9. Hong Kong’s Hang Seng index futures were last at 25,981 compared with the index’s last close of 26,009.4.

The major stock averages surged Monday, with the Dow closing at a record high, as Amazon eclipsed $3 trillion in market cap for the first time. Nvidia shares also ripped higher along with Meta Platforms. Google parent Alphabet and Microsoft also popped during the day.

“Animal spirits are buoyant to begin the month,” said Jose Torres, senior economist at Interactive Brokers. He noted that the latest manufacturing and services sector data released Monday and “recent earnings calls boost confidence that capital return prospects could impress amid valuations that have become substantially cheaper during the deep tech selloff.”

Oil prices also fell on the day, giving equities an extra boost. WTI crude dropped 5.1% to settle at $80.34 per barrel. The move came after President Donald Trump walked back plans for additional attacks on Iran.

Investors on Tuesday will pore through a slew of corporate earnings reports from companies such as Caterpillar and McDonald’s. Chipmaker AMD is also set to post results after the bell.

Economic data set for release include June factory orders as well as international trade figures for the month.