U.S. stock futures were a mixed bag on Monday, with the Nasdaq 100 and S&P 500 inching higher while the Dow Jones dipped, following last Thursday's sharp selloff. The tension in the Middle East escalated over the weekend, as President Donald Trump said he would urge Israeli Prime Minister Benjamin Netanyahu not to escalate with Iran, but the two countries have since exchanged missile strikes. This comes as U.S.-Iran negotiations continue, with Tehran insisting any broader agreement must include a durable ceasefire in Lebanon, where fighting between Israel and Hezbollah persists.

Despite the geopolitical noise, the market is also digesting some massive AI-related investment news and a historically bullish signal that suggests the recent pullback might be just a blip. The 10-year Treasury yield sat at 4.58%, while the two-year was at 4.19%. The CME Group's FedWatch tool shows markets pricing a 98% likelihood that the Fed will leave rates unchanged at its June meeting.

Here's how the major index futures were shaping up:

The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust ETF (QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket. SPY was up 0.24% at $739.29, while QQQ advanced 0.70% to $709.99.

Stocks In Focus

Riskified

• Riskified Ltd. (RSKD) was 1.26% higher in premarket after it disclosed a $75 million buyback plan.
• Market data indicates that RSKD maintains a weak price trend in the long term but a strong trend in the medium and short terms.

Nebius Group

• Nebius Group NV (NBIS) was 2.11% higher after it announced a $2.3 billion (or £1.7 billion) investment to build out four AI data center sites in the UK.
• Market data indicates that NBIS maintains a strong price trend in the short, long, and medium terms, with a poor value score.

Ingredion

• Ingredion Inc. (INGR) was 1.95% higher as Tate & Lyle agreed to a £2.7 billion ($3.6 billion) takeover by INGR.
• Market data indicates that INGR maintains a weak price trend in the long, short, and medium terms, with a solid growth score.

Advanced Micro Devices

• Advanced Micro Devices Inc. (AMD) was 1.81% higher as it announced a £2 billion ($2.66 billion) investment in the UK to enhance AI research, infrastructure, and workforce development over five years.
• Market data indicates that AMD maintains a strong price trend in the long, medium, and short terms, with a good quality score.

SK Telecom

• SK Telecom Co. Ltd. (SKM) gained 4.78% as it joined forces with Nvidia Corp. (NVDA) to build Korea's gigawatt-scale AI cloud for sovereign, enterprise, and physical AI workloads.
• Market data indicates that SKM maintains a strong price trend in the short, long, and medium terms, with a poor growth score.

Cues From Last Session

Sectors on the S&P 500 closed mixed on Friday. Consumer staples, utilities, real estate, health care, and financials rose, while information technology, consumer discretionary, materials, energy, communication services, and industrials fell. The major indices took a hit:

Insights From Analysts

Despite Friday's selloff, a historic two-month surge in the S&P 500 has triggered a rare, historically flawless bullish signal pointing to massive year-ahead gains. The S&P 500 recently logged an explosive 19.5% advance over two months. According to Carson Group's Ryan Detrick, this is "one of the best two-month rallies ever."

Data shows this has only happened seven other times since 1950, and stocks were "never lower 1 month, 3 months, 6 months, or a year later." Instead, they averaged a massive 40% gain a year later. Looking at the data, Detrick noted, "My oh my."

Though the S&P 500 just fell 2.6% for its "worst day of the year so far," Detrick urges calm. "Good time to remember that even the best years have a bad day or two (or more)," he posted, noting that 22 times the index gained 20% in a year, the average worst day was 3.5%.

Market health remains resilient. Even with a 2.5% weekly drop, "6 sectors were green and more stocks on the S&P 500 gained than fell last week." History proves temporary volatility rarely derails historic bull runs; in 1997, the index fell nearly 7% in a day but still "gained more than 30% for the year."

Upcoming Economic Data

Here's what investors will be keeping an eye on this week:

• No data is scheduled for Monday.
• Tuesday: May's NFIB optimism index at 6:00 a.m., and April's U.S. trade balance at 8:30 a.m. ET. May's existing home sales report and April's wholesale inventories data both at 10:00 a.m. ET.
• Wednesday: May's consumer price index and core CPI at 8:30 a.m. ET. The monthly U.S. federal budget statement for May at 2:00 p.m. ET.
• Thursday: Initial jobless claims for the week ending June 6, along with May's producer price index and core PPI, all at 8:30 a.m. ET.
• Friday: June's preliminary consumer sentiment data at 10:00 a.m. ET.

Commodities, Crypto, And Global Equity Markets

Crude oil futures were trading lower in the early New York session, down 4.37% to hover around $94.50 per barrel. Gold Spot US Dollar fell 0.93% to around $4,288.99 per ounce, well off its record high of $5,595.46. The U.S. Dollar Index spot was 0.08% higher at 100.1480.

Meanwhile, Bitcoin (BTC) was trading 0.51% higher at $63,145.40 per coin over the last 24 hours.

Asian markets closed lower on Monday, with Hong Kong's Hang Seng, India's Nifty 50, Japan's Nikkei 225, Australia's ASX 200, South Korea's Kospi, and China's CSI 300 all falling. European markets were also lower in early trade.