US Futures Rise as Markets Enter June on Record Footing

Yahoo! Finance Canada reported Monday that US equity futures pushed higher at the open of June, extending a May rally that carried major indexes to fresh all-time highs.

Futures Point Higher as Tech Leads the Way

Nasdaq 100 futures added 0.6% in early trading, outpacing peers. S&P 500 futures gained 0.3%, while Dow Jones futures edged up 0.1%. The moves follow a month in which equity markets staged a broad and powerful advance. The Nasdaq Composite climbed more than 8% through May, with technology shares driving the bulk of those gains. The S&P 500 added roughly 5% over the same period, while the Dow trailed with a nearly 3% monthly gain.

Nvidia CEO Jensen Huang was set to open the Computex trade show in Taiwan on Monday. His keynote address was expected to cover the company’s latest AI product push and underscore Taiwan’s central role in the global semiconductor supply chain.

Also Read: What Nvidia’s Computex Announcements Mean for AI Infrastructure

Oil Climbs as Iran Peace Talks Stall

Energy markets moved sharply on Monday, with crude recovering from a late-May selloff. US benchmark West Texas Intermediate rose toward $89 a barrel, while Brent crude climbed to around $92. The rebound came despite an inconclusive weekend of diplomatic messaging between Washington and Tehran over a proposed ceasefire extension and the future status of the Strait of Hormuz.

President Donald Trump said he would convene senior advisers to make a final call on next steps with Iran. He also repeated his demand that the strait be fully restored as an open international waterway and that Iran abandon its nuclear program. The two sides appeared to be trading competing drafts of an agreement without clear progress.

The Strait of Hormuz has been almost entirely closed since the conflict began in late February. Brent crude has gained more than 25% since then, creating sustained pressure on global energy supply chains.

A Strong May, but WTI Logs Worst Monthly Drop Since 2025

Despite Monday’s bounce, WTI crude recorded its steepest monthly decline since April 2025, falling close to 17% in May. That drop reflected earlier optimism that a peace deal was imminent and that energy flows through the strait would resume. That optimism has since faded.

Jobs Data Could Shape Fed Expectations This Week

Investors will shift attention to Friday’s nonfarm payrolls report, the most significant scheduled data release of the week. A strong or weak reading could influence market assumptions about the Federal Reserve’s interest-rate trajectory through the second half of 2026. Any softness in hiring may revive rate-cut speculation, while a firm number could reinforce a hold posture at the Fed.

Asian markets also rose Monday. Japan’s Nikkei added 0.5% after surging nearly 5% the prior week to all-time highs. South Korea’s Kospi gained 1.3% after an 8% weekly advance.

Read Next: Fed Rate Decision Watch: What the May Jobs Report Could Signal