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U.S. stock market futures rose on Monday. Investors are waiting for the July jobs report. They are also looking forward to another busy week of company earnings.
Futures linked to the Dow Jones Industrial Average increased by 265 points, or 0.9%. S&P 500 futures went up by 0.55%. Nasdaq-100 futures climbed by 0.93%.
In Asia, Japan’s Nikkei 225 index fell by 0.91%. The Kospi index dropped by 4.41%. Australia’s S&P/ASX 200 index changed very little.
Oil prices fell after President Donald Trump canceled a planned attack on Iran. Media reports said he was preparing for more strikes as hopes for peace decreased. West Texas Intermediate oil futures dropped nearly 6%. Brent crude futures lost 5.16%.
Major U.S. indexes closed higher on Friday. The Dow increased by 276.97 points, or about 0.53%. The S&P 500 rose by 0.7%, while the Nasdaq surged by 1%. Investors are focusing on upcoming earnings reports from big companies like McDonald’s and Disney. They also expect job data on Friday. The U.S. economy may show an increase in jobs. Unemployment might rise slightly to 4.3%.