Stock futures were pointing to a positive start to the week, with contracts tied to the Nasdaq 100 up more than 1%.
Investors are brushing off the AI worries that have jolted stocks in recent weeks as they await preliminary second-quarter earnings from Samsung Electronics on Tuesday.
Meanwhile, oil prices fell on OPEC+'s decision to hike production and the continued recovery in shipping through the Strait of Hormuz.
"OPEC is opening the spigot because its members need more revenue as much as the market needs more supply," SPI Asset Management said. "That may soften crude, but it does not erase the energy shock already moving through the economy."
Minutes from the Federal Reserve's latest meeting will also be in focus this week, as they might provide clues as to where interest rates are headed.
