Stock futures rose Monday, with tech rebounding after a tough week. Investors also weighed a pause in hostilities between the U.S. and Iran. Dow Jones Industrial Average futures rose 240 points, or 0.5%. S&P 500 futures ticked higher by 0.9%, while the technology-heavy Nasdaq-100 futures advanced 1.2%. Traders were keeping a close eye on U.S. tech stocks following last week’s sharp market swings across the sector. Arm led the way in premarket trade, rising 1.9%, as Marvell added 1.6%, while Intel advanced 1.1%. SpaceX was also set to open 2% higher after Nasdaq announced last week that Elon Musk’s satellite company will be fast-tracked onto the Nasdaq 100 next month. Comcast shares, meanwhile, rallied 23% after it said it will spin off its media and tech businesses into two publicly traded companies. The separation is expected to be completed in about a year. The U.S. and Iran agreed Sunday to pause hostilities and allow commercial vessels to transit the Strait of Hormuz freely, following a weekend of military exchanges that threatened to derail negotiations aimed at ending their conflict. “Technical talks are slated to continue on all areas of the MOU,” a U.S. official told CNBC on Sunday. “Both sides will stand down for now, and vessels can move freely.” The U.S. attacked Iranian military targets over the weekend in retaliation for Iranian strikes in the Strait of Hormuz. President Donald Trump then threatened to annihilate Iran, saying in a Truth Social post: “United States aircraft just struck Iranian missile and drone storage locations and coastal radar sites for violating the ceasefire agreement AGAIN!” “Neither side (especially the US) seems keen on a full resumption of hostilities, and while unanticipated/unplanned escalation is possible, it’s likely the overall process remains headed toward a sustained détente,” said Adam Crisafulli of Vital Knowledge. Wall Street is coming off a mixed week marked by a rotation out of technology stocks and into other sectors. The S&P 500 and Nasdaq Composite shed nearly 2% and 4.6%, respectively, with Nvidia and Alphabet losing more than 8% each. Meta Platforms, Apple, and Amazon also dropped more than 4% each, while SpaceX tumbled 17%. The Dow, which is less exposed to tech, bucked the negative trend, advancing 0.6%. Merck and Johnson & Johnson led the 30-stock benchmark higher last week, rising 13% and 11.5%, respectively. U.S. Treasury yields were little changed on Monday as investors looked ahead to key jobs data coming later in the week and monitored a fragile pause in hostilities between the U.S. and Iran. At 6:43 a.m. ET, the benchmark 10-year Treasury yield rose less than a basis point to 4.378%, while the 2-year Treasury yield rose just over 1 basis point to 4.104%. Meanwhile, the 30-year bond yield declined less than one basis point to 4.862%. Asian markets closed mostly higher, with key benchmarks rebounding from losses seen at the start of the trading day. Japan’s Nikkei 225 was 0.15% higher, ending the session at 69,468.11, while South Korea’s Kospi slipped 0.2% to 8,394.65. The Hong Kong Hang Seng Index advanced 1.82% higher in the final hour of trade, while the mainland’s CSI 300 was up 1.21% at 4,926.92. Australia’s benchmark S&P/ASX 200 added 0.68% to 8,823.40. Oil prices rose on Monday following an agreement between the U.S. and Iran to halt recent hostilities in the Middle East. U.S. West Texas Intermediate futures rose 1.1% to $70 per barrel. The WTI contract settled below $70 on Friday for the first time since Feb. 27—the day before the start of the Iran war. International benchmark Brent crude futures, meanwhile, gained 0.8% to $73.21. Gold fell on ​Monday as recent hostilities in ​the Gulf fueled ​inflation concerns that added to U.S. Federal Reserve rate-hike expectations, pressuring the non-yielding metal. Spot gold was down 0.9% at $4,049.90 per ounce. U.S. gold futures ⁠for ‌August delivery lost 0.8% to $4,063.50/oz. Bullion posted a 1.7% weekly ⁠decline on Friday and was on track for a fourth straight monthly loss of more than 10%.