Stock futures rose early Monday as investors look to cap a stunning month for Wall Street with even more record highs, with trade hopes increasing once again. S&P 500 futures and Nasdaq 100 futures added 0.4% and 0.6%, respectively. Futures tied to the Dow Jones Industrial Average gained 245 points, or 0.6%. Monday’s advance follows Canada rescinding its digital service tax after President Donald Trump on Friday said the U.S. was “terminating ALL discussions on Trade with Canada.” Initial payments on the tax were set to begin Monday and would have applied to companies such as Google, Meta and Amazon. Shares of Meta Platforms and Google-parent Alphabet gained 2% and 1%, respectively, in the premarket. Microsoft also ticked up 0.5%. Monday also marks the last day of June, a month in which the major averages have staged a sharp recovery back to record levels. The S&P 500 is up 4.4% this month, while the tech-heavy Nasdaq has jumped nearly 6.1%. The Dow, meanwhile, has added about 3.7% month to date. The S&P 500 and Nasdaq hit all-time highs on Friday. At its low in April, the S&P 500 was down nearly 18% for the year when global trade and tariff tensions rocked the market. “The bearish narratives—Middle East conflict, tariffs, soft economic data—keep getting invalidated by the price action,” said Ken Mahoney, CEO of Mahoney Asset Management. “Every chance the market has had to break down has failed. Instead, it continues to do what bull markets do best: climb the wall of worry. We think this run can continue, not without volatility to the downside of course.” Investors will be keeping an eye on whether the Senate will be able to pass President Donald Trump’s “one, big, beautiful” bill. If passed by the Senate, the package — which narrowly passed a key procedural vote in the Senate on Saturday night — faces an uncertain path in the House, where some GOP lawmakers have balked at revisions in the latest version of the bill. U.S. Treasury yields moved lower as investors monitored whether the Senate would pass President Donald Trump’s divisive spending bill over the next few hours. The benchmark 10-year Treasury yield was more than 2 basis points lower at 4.257%, and the 30-year yield moved more than 3 basis points lower to 4.814%. The 2-year yield slipped more than 1 basis point to 3.729%. Asia-Pacific markets traded mixed Monday as investors parsed details on trade negotiations and a slew of data points, including South Korea and Japan’s industrial output figures for May and China’s purchasing managers’ index readings for June. Mainland China’s CSI 300 index added 0.37% to end the day at 3,936.08, while Hong Kong’s Hang Seng Index fell 0.87% to 24,072.28. Japan’s Nikkei 225 climbed 0.84% to end the day at 40,487.39 after hitting an over 11-month high earlier in the session, while the broader Topix index advanced 0.43% to 2,852.84. In South Korea, the Kospi index closed 0.52% higher at 3,071.70, while the small-cap Kosdaq was flat at 781.50. Over in Australia, the S&P/ASX 200 increased by 0.33% to end the day at 8,542.30. Oil prices fell 1% on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August boosted the supply outlook. Brent crude futures fell 66 cents, or 0.97%, to $67.11 a barrel by 0031 GMT, ahead of the August contract’s expiry later on Monday. The more active September contract was at $65.97, down 83 cents. U.S. West Texas Intermediate crude dropped 94 cents, or 1.43%, to $64.58 a barrel. Last week, both benchmarks posted their biggest weekly decline since March 2023, but they are set to finish higher in June with a second consecutive monthly gain of more than 5%. Gold firmed on Monday as the dollar hovered near its lowest level in more than three years, while the market’s focus shifted to a slew of U.S. jobs data due later this week that could influence the Federal Reserve’s rate cut trajectory. Spot gold was up 0.4% at $3,287.29 per ounce as of 0959 GMT, after hitting its lowest since May 29 earlier in the session. Bullion has risen 5.3% so far this quarter. U.S. gold futures gained 0.4% at $3,298.80. The dollar index hovered near its lowest level since March 2022. A weaker dollar makes greenback-priced bullion less expensive for holders of other currencies.