Dow futures rocket more than 400 points: 5 things to know before Wall Street opens

• AI stocks led gains with Intel up 5%, Accenture rising 6% on a $2 billion AI safety partnership with Anthropic, and Meta and Dell advancing 2-3%, signaling continued strong AI spending expectations.
• Oil prices fell over 2% (Brent toward $102, WTI below $99) due to recovered Saudi exports and Iran diplomacy hopes, easing inflation concerns and Treasury yields from above 5% to 4.96%.
• Thursday's Trump-Xi summit is the week's key geopolitical event, with preparatory talks covering trade, rare earths, and AI safety mechanisms that could reduce uncertainty for semiconductor supply chains.

Market Summary: Wall Street Futures Surge on AI Rally and Oil Retreat

Market Movements:

US stock futures opened sharply higher Monday, with Dow futures up 414 points (+0.8%), S&P 500 futures gaining 0.6%, and Nasdaq 100 futures climbing 1.1%. The rally was supported by a 2% drop in Brent crude to $102/barrel and the 10-year Treasury yield easing to 4.96% from above 5% last week.

Key Sector Performance:

AI and technology stocks led the premarket surge. Intel jumped 5%, Marvell gained 2.5%, Meta rose over 2%, and Dell advanced nearly 3%. Accenture surged 6% after announcing a five-year, $2 billion AI safety partnership with Anthropic. The moves suggest resilient AI infrastructure demand despite recent slowdown concerns.

Cryptocurrency strengthened the risk-on sentiment, with Bitcoin closing above its 50-week moving average for the first time in 10 months. Coinbase rose 5% and Strategy gained over 7% in premarket trading.

Market Drivers:

The oil price decline provided relief by reducing inflation expectations and easing financial conditions pressure on growth stocks. Lower energy prices and retreating yields are alleviating valuation concerns for equities.

Key Events Ahead:

• Thursday's Trump-Xi summit represents the week's major geopolitical focus, with discussions covering trade, rare earths, and AI safety protocols
• Multiple Federal Reserve speakers scheduled this week, with markets divided on whether the next rate hike arrives in October or December
• Treasury Secretary Bessent and Chinese Vice Premier He held preparatory talks in New York over the weekend

The improved risk appetite reflects easing pressure from both commodity markets and bond yields, supporting growth-oriented sectors.