US stock futures ticked higher on Tuesday after the major indexes kicked off the week with solid gains, supported by falling oil prices and a strong rally in heavyweight technology stocks.
During Monday's regular session, the tech-heavy Nasdaq Composite surged 2.13%, while the S&P 500 and Dow advanced 1.48% and 1.32%, respectively.
Megacap technology stocks drove the gains, with Amazon soaring 4.6% to surpass a $3 trillion market capitalization for the first time.
Other standout performers included Microsoft (4.9%), Nvidia (2.9%), Meta Platforms (6%), Alphabet (4.9%) and Tesla (3.5%).
Investor sentiment was also lifted by a roughly 5% drop in oil prices after President Donald Trump canceled planned strikes on Iran to revive negotiations, easing concerns over inflation and the outlook for interest rates.
Attention now turns to another round of corporate earnings due Tuesday, including results from SpaceX, AMD, Caterpillar, Merck and McDonald’s, among others.