Oil Falls, Stocks Rise: Xi Visit Boosts Market Optimism

US stock futures rose on Monday as oil prices fell, with West Texas Intermediate (WTI) crude dropping 2.7% to $93.52 a barrel.

The decline in oil prices had a positive impact on the market, particularly for tech-heavy indexes like the Nasdaq, which tends to perform better when oil prices are lower.

This is because lower oil prices can cool inflation worries, leading to lower long-term interest rates and a boost for companies with future growth prospects.

The news of President Xi Jinping's planned visit to the US on September 23rd-25th also added to the optimism in the market.