Stock futures rose Monday as chipmakers and technology stocks jumped to start another shortened trading week. Futures tied to the S&P 500 were up about 0.7%. Nasdaq-100 futures advanced 0.9%. Dow Jones Industrial Average futures climbed 125 points, or 0.3%. Chip stocks led the early gain after Foxconn announced record fourth-quarter revenue. Nvidia and Broadcom rose more than 1.5% and 2.5% each, respectively, while Micron Technology advanced 5%. Also aiding market sentiment on Monday is a Washington Post report saying President-elect Donald Trump’s tariff plan would be narrower than anticipated. According to the report, the levies would only cover critical imports. Trump called for “universal” tariffs as high as 10%-20% during his campaign. Investors are entering another shortened trading week – which will wrap the next of the first five January trading days – on a wobbly note and with lingering concerns about the Federal Reserve’s interest rate projections. The New York Stock Exchange will be closed Thursday to mourn the death of former President Jimmy Carter. Traders will be looking for clues about the strength of the economy and the sturdiness of Fed rate plans. Callie Cox, chief market strategist at Ritholtz Wealth Management, said the week ahead could be another opportunity for traders to recalibrate their expectations. “Data shows us that unemployment is climbing and people are having a hard time finding jobs. There are cracks in hiring that could re-appear at any time,” she told CNBC. “It’ll be important to watch yields too. The 10-year yield is near a high of 4.6%, and jobs days have rattled bond investors in the past.” The December jobs report is due out Friday and will be one of the last key pieces of data before the Fed meeting at the end of this month. Investors are also watching the Job Openings and Labor Turnover Survey (JOLTS) Tuesday and December ADP Employment Survey Wednesday. Constellation Brands, Walgreens Boots Alliance and Delta Air Lines will also report earnings toward the end of the week. U.S. Treasury yields were higher on Monday as investors anticipate a series of key jobs data to be published throughout the week. The 10-year Treasury yield rose slightly to 4.596%, while the 2-year Treasury dipped nearly 2 basis points to 4.26%. Asia-Pacific markets mostly fell on Monday as investors assessed business activity figures from several key economies in the region. Hong Kong’s Hang Seng index fell 0.48% as of its final hour, while mainland China’s CSI 300 dropped 0.16% to 3,769. The CSI 300 marked its fourth straight day of losses and hit its lowest level since Sep. 27, 2024. Japan’s benchmark Nikkei 225 shed 1.47% to end at 39,307.05, leading losses in Asia and dragged by consumer cyclical stocks, while the broad-based Topix fell 1.02% to 2,756.38. On the other hand, South Korea’s Kospi was up 1.91% to 2,488.64, while the small-cap Kosdaq was 1.73% higher at 717.96 and hit its highest level since Nov. 11. Political uncertainty continues to grip the country, with the country’s head of presidential security service reportedly saying over the weekend he could not comply with efforts to arrest impeached president Yoon Suk Yeol. A bid to arrest Yoon on grounds of insurrection last Friday failed after investigators were locked in a stand-off with presidential security officials. Australia’s S&P/ASX 200 pared gains to trade just above the flatline, ending at 8,257.4. Oil prices steadied at their highest since mid-October as colder weather spurred buying while further support came from expectations of tighter sanctions on Iranian and Russian oil exports. Brent crude futures gained 22 cents, or 0.3%, to $76.73 a barrel by 1133 GMT, their highest since Oct. 14. U.S. West Texas Intermediate crude was up 23 cents, or 0.3%, at $74.19 for its highest since Oct. 11. Gold prices held steady on Monday as rising U.S. Treasury yields offset the impact of a weaker dollar and investors awaited economic data for clues on the Federal Reserve’s interest rate trajectory after it flagged a slower pace of cuts this year. Spot gold was little changed at $2,641.19 per ounce. U.S. gold futures were steady at $2,655.00.