By Caitlin McCabe
U.S. stock futures are rising this morning ahead of a week that will challenge investors' appetite for the AI trade again.
Nasdaq 100 futures are up more than 1% after the long holiday weekend, a sign traders are brushing off the AI worries that have jolted stocks in recent weeks.
That optimism will face a test tomorrow, when chip giant Samsung is expected to share a second-quarter update. SK Hynix's $29 billion U.S. stock-market listing will follow just a few days later, in what is set to be one of the biggest share sales in history.
Meanwhile, SpaceX's fast-track entry into the Nasdaq 100 tomorrow is set to spark a major flurry of trading.
The events come during an otherwise relatively quiet week in terms of earnings and economic data. On Wednesday, the Federal Reserve will release minutes from its first meeting under Chair Kevin Warsh, which traders will parse for clues on the trajectory of interest rates.
Meanwhile, oil is drifting lower this morning after OPEC+ agreed to raise output for a fifth straight month and as the broader market shifts from supply-shock fears to ample supply.
The dollar is strengthening against a basket of currencies while the yen is weakening, with traders on high alert for potential currency intervention from Japanese authorities.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).