Stock futures advanced on Monday as Wall Street looked to kick off June on a strong note, and Nvidia led tech higher following the launch of a new chip for PCs. Futures tied to the Dow Jones Industrial Average added 257 points, or 0.5%. S&P 500 and Nasdaq-100 futures rose 0.3% and 0.2%, respectively. Nvidia shares climbed more than 2% in the premarket after the company unveiled a new processor for personal computers. Dell Technologies and HP Inc. followed Nvidia higher, rising more than 1% and about 4%, respectively. Intel, which for years dominated the PC chip market, fell more than 6%. Stocks wrapped up a strong May, with all three major indexes posting solid gains. The tech-heavy Nasdaq Composite led the advance, up more than 8% for the month. The S&P 500 gained about 5%, while the Dow Jones Industrial Average added nearly 3%. The major averages closed at fresh highs Friday after the U.S. and Iran reached a 60-day memorandum of understanding to extend the ceasefire. President Donald Trump said he would meet in the Situation Room “to make a final determination” and reiterated that Iran “must agree that they will never have a nuclear weapon.” “He also called for the Strait of Hormuz to be ‘immediately open.'” “Trump clearly doesn’t want to escalate and is looking for an off-ramp. Some type of a pact is very likely, and markets largely assume a sustained cessation of hostilities,” Adam Crisafulli, founder of Vital Knowledge, wrote in a note. “An actual announcement will probably trigger a ‘sell the news’ reaction for the overall S&P 500.” Investors this week will turn their attention to Friday’s closely watched nonfarm payrolls report for fresh insight into the health of the labor market and the outlook for Federal Reserve policy. U.S. Treasury yields rose on Monday after the U.S. and Iran again exchanged military strikes, further clouding the prospects for a deal to end the conflict. The 10-year Treasury yield—the key benchmark for mortgages, auto loans, and credit card debt—was up more than 1 basis point in early trade at 4.4729%. Yields on the 2-year Treasury note, which often move in reaction to short-term Federal Reserve rate decisions, were more than 2 basis points higher, at 4.0390%. The 30-year bond yield, meanwhile, held steady at 4.9958%. South Korean stocks hit a fresh record high on Monday, bucking a mixed performance across Asia-Pacific markets as investors monitored lingering uncertainty around U.S.-Iran negotiations after President Donald Trump said he was in “no hurry” to strike a deal to end the conflict. South Korea’s Kospi jumped 3.68% to 8,788.38, while the small-cap Kosdaq was down 2.3% to 1,050.03. Shares of Samsung Electronics surged more than 10% to hit an all-time high. Japan’s Nikkei 225 rose 0.91% to 66,934.33, while the Topix declined 0.42% to close at 3,940.7. In Australia the S&P/ASX 200 was flat at 8,729.4. Shares of SoftBank Group rose 14% after the conglomerate on Sunday announced plans to invest 45 billion euros ($53 billion) over the next five years to build artificial intelligence infrastructure in France. The Hang Seng index rose 0.86% in the final hour of trade while the CSI 300 was down 0.98%, closing the trading day at 4,844.26. Oil prices rose on Monday as the U.S. and Iran launched fresh strikes and Israel ordered troops to push deeper into Lebanon, renewing concerns that clashes with the Iran-backed Hezbollah group could threaten a fragile ceasefire between Washington and Tehran. International benchmark Brent crude futures rose 3.3% to $94.10 per barrel at around 12:21 p.m. London time (7:21 a.m. ET), while U.S. West Texas Intermediate futures added 3.9% to $90.73 per barrel. Brent and WTI closed off by 11.1% and 9.6% last week, respectively, notching their worst weekly performance since mid-April. The contracts remain up by about 30% since the U.S. and Israeli-led war against Iran started on Feb. 28. Gold prices fell on Monday as ​renewed U.S.-Iran tensions pushed the ​dollar and oil ​prices higher, fuelling fears of inflation and reinforcing the higher-for-longer interest rate outlook. Spot gold was down 0.8% at $4,498.89 per ounce after hitting a two-week high on ⁠Friday. ‌The yellow metal dropped 0.9% in May, its ⁠fourth consecutive monthly fall. U.S. gold futures for August delivery fell 1.4% to $4,528.90. The dollar edged higher, making greenback-priced bullion more expensive for holders of other currencies.