US pre-open: Futures rise as tech rebounds, US-Iran pause lifts sentiment
By Iain Gilbert
Date: Monday 29 Jun 2026
(Sharecast News) - Wall Street futures advanced ahead of the open on Monday, with technology shares rebounding after a difficult week, while investors monitored a pause in hostilities between the US and Iran that left questions over the durability of the agreement and the outlook for Middle East oil supplies.
As of 1245 BST, Dow Jones futures were up 0.41%, while S&P 500 futures and Nasdaq-100 futures had the indices opening 0.81% and 1.23% firmer, respectively.
The Dow closed 44.51 points lower on Friday, but traded higher in Monday's pre-market action after Washington and Tehran agreed on Sunday to halt attacks and allow commercial vessels to move freely through the Strait of Hormuz, following a weekend of military exchanges that threatened to derail efforts to end their conflict.
The US struck Iranian military sites over the weekend in response to Iranian attacks in the strait, with Donald Trump later warning of further action, saying "United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN!"
Oil prices traded higher at the start of the week as traders assessed whether the pause would hold and ease supply‑risk concerns, with Brent futures up 0.67% at $72.47 a barrel, while West Texas Intermediate gained 1.2% to $70.06 a barrel.
Traders were also keeping a keen eye on the tech sector following last week's major swings, with Arm leading early gains, rising 3.46%, while Marvell, Micron Technology and Intel were all in the green. SpaceX was also set to open higher after the satellite company announced it would be fast‑tracked into the Nasdaq 100 next month.
Elsewhere, Comcast rallied 25% after announcing plans to spin off its media and technology operations into two separately listed companies.
On the macro front, the Dallas Federal Reserve's June manufacturing business index will be released at 1530 BST.
Reporting by Iain Gilbert at Sharecast.com
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