Stock futures rose Monday following a mixed week on Wall Street amid a big rotation out of tech and into parts of the market trading at lower valuations. Traders also braced for a slew of U.S. economic data reports ahead this week. Dow Jones Industrial Average futures gained 230 points, or 0.5%. Futures tied to the S&P 500 climbed 0.5%, while Nasdaq-100 futures rose 0.6%. Those moves come after the S&P 500 and Nasdaq Composite fell last week, as Oracle and Broadcom led a rotation away from artificial intelligence. The S&P 500 lost 0.6% last week, while the Nasdaq shed 1.7%. The Dow, which is less exposed to tech and AI than the other two benchmarks, rose 1.1%. Oracle plunged 12.7% for the week, while Broadcom shed more than 7%. The S&P 500 tech sector dropped 2.3%. “The S&P 500′s Magnificent-7 might be less magnificent in 2026 as their fierce competition in the AI race starts to erode the monopolies they have enjoyed,” wrote Ed Yardeni, president of Yardeni Research. “The beneficiaries of that competition are likely to be the S&P 500′s Impressive 493.” Economic data reports could set the tone for the market in the week ahead. November nonfarm payrolls figures are set for release Tuesday, along with October retail sales figures. These reports were delayed due to the U.S. government shutdown that took place in the fall. The November consumer price index is due out on Thursday. U.S. Treasury yields started the week lower on Monday as investors looked ahead to several economic data reports this week, which will offer insight into the state of the U.S. economy. The benchmark 10-year Treasury yield dipped more than 3 basis points to 4.163%, and the 2-year Treasury yield fell less 2 basis points to 3.512%. The 30-year Treasury bond yield was lower by more than 3 basis points to 4.825%. Asia-Pacific markets fell Monday, after Wall Street declined Friday stateside as investors took a breather from the AI trade. South Korea’s Kospi fell 1.84% to close at 4,090.59 while the small-cap Kosdaq added 0.16% to 938.83. Index heavyweights memory chipmaker SK Hynix was down 2.98%, while Samsung Electronics declined 3.76%. Australia’s S&P/ASX 200 lost 0.72% to end the trading day at 8,635. Japan’s Nikkei 225 slid 1.31% to 50,168.11, while the Topix rose 0.22% to 3,431.47. Hong Kong’s Hang Seng index lost 0.79%, while the mainland CSI 300 was down 0.63% to 4,552.06, after a slew of key economic data out of China. Oil prices held steady on Monday as investors balanced supply disruptions linked to escalating U.S.-Venezuela tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal. Brent crude futures were up 15 cents, or 0.25%, at $61.27 a barrel, as of 0924 GMT, and U.S. West Texas Intermediate crude was at $57.59 a barrel, also up 15 cents, or 0.26%. Both contracts slid more than 4% in the prior week, weighed down by expectations of a global oil surplus in 2026. Gold climbed 1% on Monday to hover near a seven-week high, supported by a weaker dollar, expectations of interest rate cuts and safe-haven buying due to geopolitical tensions, while silver gained but held below Friday’s record high. Spot gold rose 1% to $4,343.96 an ounce. Bullion hit its highest since October 21 on Friday. U.S. gold futures gained 1.2% to $4,377.80 an ounce. The dollar hovered near a two-month low reached last week, making greenback-priced gold more affordable for overseas buyers, while benchmark 10-year U.S. Treasury yields edged lower.
Roodeweg 222, Willemstad, Curaçao