Stocks were poised for gains and oil prices held near prewar levels Monday as investors welcomed a U.S.-Iran agreement to stop fighting.
Both sides agreed to end days of low-level hostilities around the Strait of Hormuz and resume peace talks, The Wall Street Journal reported .
"Despite the exchange of military strikes, oil has not seen a meaningful bounce, with investors sticking to the optimistic stance that has worked over the past month," ING said.
Nasdaq 100 futures were climbing more than 1% after the tech-heavy index fell five straight days last week.
"We are going through another 'gut check' few weeks ahead for the tech trade as tech investors await a very important 2Q earnings season in July to further validate the AI Revolution buildout," Wedbush said.
