Stock futures pushed higher Monday as Wall Street looks to find its footing following a steep sell off for tech companies, which face a key test this week. Futures tied to the S&P 500 rose 0.45%. Nasdaq 100 futures gained 0.47%, while those for the Dow Jones Industrial Average added 194 points, or 0.5%. The S&P 500 and Nasdaq Composite fell 3.05% and 5.52% last week, and are each on six-day losing streaks. The Nasdaq fell 2% on Friday alone, with chip giant Nvidia sinking 10%, leading a slew of losses for Big Tech names. The Dow, which has less tech exposure than the other two benchmark averages, was little changed on the week. The moves higher in futures comes ahead a potentially big week for earnings, with the focus on Magnificent Seven tech companies. Companies including Tesla, Meta Platforms, American Airlines, Microsoft and Alphabet all set to report in the week ahead. Tesla reports after the bell Tuesday, Facebook-parent Meta is on deck Wednesday, while Apple, Intel and Microsoft all report Thursday. The struggles for equities come as recent inflation readings have diminished hopes that the Federal Reserve will cut rates several times in 2024. “Large weekly losses in SPY and QQQ showed that investors are finally waking up to the reality of the long-promised ‘higher for longer’ interest rate scenario they refused to believe,” Rick Bensignor of Bensignor Investment Strategies said in a note to clients Sunday, referring to major index funds. There is some potentially bigger news in the back part of this this week, with GDP due out on Thursday and a key inflation reading on Friday, when the Commerce Department reports personal consumption expenditures price index data for March. The PCE deflator is the Fed’s preferred inflation gauge. The Fed meets again April 30-May 1, with officials now in the quiet period ahead of the meeting. U.S. Treasury yields rose on Monday as investors looked to economic data in the week ahead that could provide fresh hints about the state of the economy and the outlook for interest rates. The yield on the 10-year Treasury was up by two basis points to 4.655%. The 2-year Treasury yield was last at 5%. Asia-Pacific markets rebounded from Friday’s sell-off as investors look to fresh data points out of China, Japan and South Korea this week. Hong Kong’s Hang Seng index jumped almost 2%. Mainland China’s CSI 300 was slipped 0.3% and closed at 3,530.9 after the LPR announcement, making it the only major market down on Monday. Japan’s Nikkei 225 closed 1% higher at 37,438.61, with the broad based Topix seeing a larger gain of 1.38% to end at 2,662.46. South Korea’s Kospi also rose 1.45% to close at 2,629.44, while the small cap Kosdaq advanced 0.46% to end at 845.82. In Australia, the S&P/ASX 200 started the week higher, closing out 1.08% up at 7,649.20. Crude oil futures edged lower on Monday after Iran said it will not escalate the conflict with Israel. The West Texas Intermediate contract for May lost 46 cents to $82.68 a barrel, while June Brent futures fell 89 cents to $86.40 a barrel. U.S. crude oil and Brent fell 3% last week. The two benchmarks are up about 16% and 12% this year, respectively. Gold prices retreated 2% on Monday as easing fears of a wider Middle East conflict boosted investors’ risk appetite, lowering bullion’s safe-haven demand. Spot gold was down 2% at $2,346.09 per ounce, as of 8:16 a.m. ET. U.S. gold futures fell 2.2% to $2,360.00.