U.S. Stock Futures Rise as Middle East Tensions Ease, Healthcare Deals Loom
U.S. stock index futures are rising on Monday as tensions in the Middle East ease and oil prices fall, providing a boost to investors after a weak July for Wall Street.
The Brent crude price dropped 5.7% to $83.77 a barrel, while the S&P 500 E-minis rose 0.49%. Markets are also looking ahead to a busy week of corporate earnings and labor data.
The healthcare sector is drawing attention due to reports of preliminary merger talks between Bristol Myers Squibb and AstraZeneca, which could create one of the world's biggest drugmakers valued at nearly $400 billion.
Other major companies reporting this week include SpaceX, Palantir, and Advanced Micro Devices. Traders are also monitoring Federal Reserve policy uncertainty and key earnings from various sectors.