US Futures Rise Amid Trump-Xi Meeting Hopes, Oil Prices Fall

US stock futures rose on Monday as investors await an expected meeting between US President Donald Trump and Chinese leader Xi Jinping in Washington.

Futures for the S&P 500 gained 0.7%, while those for the Dow Jones Industrial Average rose 0.8%. Nasdaq futures climbed 1.1%.

Oil prices declined by over 3% as vessel traffic and energy flows through the Strait of Hormuz picked up, despite ongoing uncertainty over US-Iran tensions.

The yield on the U.S. 10-year Treasury hit 5% after the Federal Reserve raised interest rates for the first time in three years.