Precise Investors Editorial Team
S&P 500 Futures gained 0.35% to 7,739.50 points, Nasdaq 100 Futures added 0.54% to 30,079.50 points and Dow Jones Futures advanced 0.27% to 52,220.0 points
U.S. stock index futures rose on Sunday evening amid some optimism over an upcoming summit between President Donald Trump and President Xi Jinping, set to take place in Washington this week.
S&P 500 Futures gained 0.35% to 7,739.50 points by 02:14 GMT. Nasdaq 100 Futures added 0.54% to 30,079.50 points and Dow Jones Futures advanced 0.27% to 52,220.0 points.
Futures rose after a mildly positive Friday session on stock market, where technology stocks, specifically chipmakers, recovered some ground after logging deep losses early last week.
A Wall Street Journal report over the weekend showed artificial intelligence company Anthropic had delayed its planned initial public offering to November from October.
The delay is expected to give the company time to share its third-quarter financials, which are expected to show resilience despite increasing competition from rival OpenAI.
Earlier reports said Anthropic will seek a $2 trillion valuation.
Markets were encouraged by U.S. officials kicking off trade talks with China before a summit between the two countries later this week.
Xi and Trump are set to meet in Washington on Thursday, marking the first state visit by the Chinese president during Trump’s second term. The U.S. president had visited Beijing earlier this year.
The summit comes as trade relations between the world’s largest economies remain frayed, with Xi and Trump also set to discuss AI developments and regulation during their talks this week.
Washington’s trade tariffs on China are also set to be a main talking point, with a trade truce between the two countries set to expire in early-November.
Iran and U.S. traded threats over the weekend after Yemen’s Houthis upped their offensive against Saudi Arabia.
The threats came after the Houthis attacked Riyadh over the weekend, as the group maintained its offensive against Saudi Arabia and shipping in the Bab el-Mandeb strait.
Oil prices were volatile late-Sunday amid the new developments.
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