Stock futures moved higher Monday as oil prices fell sharply and tech names rebounded, while investors braced for a packed week of earnings results and the upcoming midterm elections. S&P 500 futures traded 0.4% higher, while Nasdaq-100 futures gained 0.6%. Futures linked to the Dow Jones Industrial Average added 220 points, or 0.4%. Micron, Sandisk, and Western Digital traded slightly higher. Nvidia and Microsoft also advanced. The moves come after the major U.S. stock benchmarks suffered a losing week, bogged down by selling pressure in tech as investors continued to scrutinize names related to the artificial intelligence buildout. Still, 3Fourteen Research’s Warren Pies isn’t too concerned. “I just don’t see anything broken with the AI trade fundamentally,” he said on CNBC’s “Closing Bell Overtime” on Friday. “Technicals are another story.” The tech-heavy Nasdaq and the S&P 500 logged a losing October amid AI spending concerns, with the Nasdaq suffering its worst losses since March 2025. The Dow, however, rose almost 2% as investors rotated into defensive areas like healthcare. “Rather than running for the hills amid heightened AI risks, investors are seeing plenty of return potential in other types of stocks,” Mike Dickson, head of research and quantitative strategies at Horizon, said in a note last week. Dickson added that while this week’s midterm elections “have some investors worried that changes in Washington, D.C., could impact the markets, it’s important to remember that stocks tend to stay steady regardless of which party gains control of Congress.” The elections will be held on Tuesday, when Democrats are expected to take control of the House of Representatives, while Senate control remains uncertain. In addition to the closely watched monthly jobs report, a fresh round of earnings releases is also due this week. “Magnificent Seven” member Apple is scheduled to report after the bell on Monday. McDonald’s and Qualcomm are slated to report later in the week. U.S. Treasury yields were mixed early Monday as investors gear up for another busy week of economic data and corporate earnings, as well as the midterm elections. The 10-year Treasury was down by 2 basis points at 4.906%. The 30-year Treasury yield eased by around 3 basis points to 5.273%, while the 2-year Treasury yield rose by 2 basis points to 4.598%. Asian markets were closed mixed on Monday, with Australia and Japan markets down, but other markets are in positive territory. Australia’s S&P/ASX 200 was 0.58% down at 8,856.5, while Japan’s Nikkei 225 gained 0.33% to 63,081.86. South Korea’s Kospi led gains with a 2.38% rise to 5,859.08, while the small-cap Kosdaq added 1.38% to close at 734.36. Hong Kong’s Hang Seng index gained 0.44% in its last hour of trade, while mainland China’s CSI 300 added 0.79%. Oil prices fell sharply early on Monday amid reports that both the U.S. and Iran are seeking diplomatic options to bring an end to the Middle East conflict. Futures for international benchmark Brent crude for January delivery fell 3.94% to $108.96 a barrel as of 7:30 a.m. ET. U.S. West Texas Intermediate futures for December declined 4.17% to $99.78 per barrel. Gold prices rebounded ​on Monday after hitting ​a one-year low in the previous session, as a drop in oil prices eased some inflation concerns, while investors turned their focus to this week’s U.S. midterm elections and ⁠their broader ‌impact on fiscal policies. Spot gold rose 0.7% to $3,900.14 ⁠per ounce, having ended 3.6% lower and hit its lowest since October 2025 on Friday. U.S. gold futures for December delivery gained 0.3% to $3,909.20. A sharp selloff in technology and AI stocks ‌triggered a dash for cash and forced investors to liquidate safe-haven assets like gold on Friday, analysts said.