Stock futures rose Monday as Wall Street gears up for a busy week of corporate earnings. Futures tied to the Dow Jones Industrial Average climbed 153 points, or 0.4%. S&P 500 futures gained 0.4%, while Nasdaq 100 futures added nearly 0.7%. The recent cooling off of the tech trade has dragged the major market indexes lower, but the catch-up of areas like small caps has been encouraging to many market strategists. The iShares Russell 2000 ETF (IWM) added 0.8% in premarket trading, signaling the broader market rotation is set to continue this week. “Now that we’re seeing more participation, even though it’s caused some volatility over the past few weeks, I think this is ultimately a better story for long-term investors as we move forward,” said Callie Cox, chief market strategist at Ritholtz Wealth Management. This week’s earnings slate will play a role in determining whether tech stocks can now bounce back. Microsoft, Meta Platforms, Apple and Amazon are all set to report their quarterly results in the coming days. Another key event this week will be the Federal Reserve meeting, with the central bank set to release a new policy statement on Wednesday. The Fed is not expected to cut interest rates this week, but traders will be looking for clues as to how likely the central bank is to make a move at its September meeting. The move in futures comes after a volatile week in the stock market. The S&P 500 dipped 0.8% to end the week, while the tech-heavy Nasdaq Composite fell 2.1%. However, the Dow rose 0.8% and the small-cap Russell 2000 rose 3.5%. U.S. Treasury yields fell on Monday as investors awaited the release of key economic data and looked to the Federal Reserve’s meeting scheduled for the week. The yield on the 10-year Treasury was down by nearly 4 basis points at 4.16%. The 2-year Treasury yield was last at 4.367% after falling by 2 basis points. Asia-Pacific markets climbed on Monday, with Japan’s Nikkei 225 leading gains in the region after a key U.S. inflation report late Friday raised hopes for an interest rate cut. The Nikkei snapped an eight-day losing streak to rise 2.13% to 38,468.63, while the broad-based Topix advanced 2.23% to close at 2,759.67. The Japanese yen strengthened 0.31% against the greenback to trade at 153.26. Hong Kong Hang Seng index was up 1.64% as of its final hour of trade, but mainland China’s CSI 300 bucked the trend in Asia to fall 0.54% to 3,390.74, dragged by real estate stocks. South Korea’s Kospi rose 1.23% to end at 2,765.53, while the small-cap Kosdaq rose 1.31% to 807.99. Australia’s S&P/ASX 200 was 0.86% up, finishing at 7,989.6. Crude oil futures fell on Monday as traders appeared unfazed by the risk of widening war between Israel and the Iran-backed militia Hezbollah. West Texas Intermediate September contract: $76.86 per barrel, down 30 cents, or 0.4%. Year to date, U.S. oil has gained 7.3%. Brent September contract: $80.80 per barrel, down 3 cents, 0.41%. Year to date, the global benchmark is ahead 4.9%. Gold prices edged up on Monday on heightened geopolitical tensions in the Middle East and expectations of a U.S. rate cut in September, with the focus on this week’s Federal Reserve policy meeting. Spot gold rose 0.1% to $2,387.42 per ounce. Non-yielding gold is up 3% in July after hitting a record high of $2,483.60 on July 17 on growing optimism of a rate cut from the Federal Reserve in September.