US equity futures showed gains on Monday during European trading hours, with Dow Jones futures up 0.33% near 52,400 and S&P 500 futures rising 0.65% to around 7,450, according to FX Street. This positive movement follows easing tensions in the Middle East, which had weighed on markets earlier.
Last week, the S&P 500 and Nasdaq experienced a tech-led correction, driven by a global sell-off affecting the Magnificent 7 stocks. Deutsche Bank highlighted that chipmakers faced notable weakness as the Philly Semiconductor Index declined, despite Micron reporting better-than-expected revenue. This tech sector downturn contributed to the broader market pullback.
Meanwhile, Bank of America noted potential shekel weakness linked to the S&P 500 outlook, signaling currency market sensitivities tied to US equity performance, as reported by Investing.com Forex. For Japanese investors, these developments underscore the ongoing influence of US tech stocks and geopolitical factors on global equity and currency markets.