Commodities
U.S. Stock Futures Rise Amid Middle East De-escalation Hopes and Mergers
U.S. stock index futures rose on Monday as hopes for de-escalation in the Middle East pushed crude prices lower, creating a steadier market tone after a weak July.
The S&P 500 E-minis climbed 0.49% and Brent crude dropped 5.7% to $83.77 per barrel.
Merger talks between Bristol Myers Squibb and AstraZeneca drew attention, with the companies reportedly discussing a deal that could create one of the world's biggest drugmakers, valued at nearly $400 billion.
Bristol Myers shares jumped 8% in premarket trading, while AstraZeneca fell 6%.