US equity futures rose ahead of Monday's opening bell, with futures of technology-heavy Nasdaq Composite outperforming other benchmarks amid continued optimism around artificial intelligence.
Dow Jones Industrial Average futures gained 0.4%, S&P 500 futures increased 0.8%, and Nasdaq futures were up 1%.
Technology stocks are getting a lift after Microsoft (MSFT) President Brad Smith unveiled Friday the company's plan to invest $80 billion in fiscal 2025 to build artificial intelligence-enabled data centers.
Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $76.92 per barrel and US West Texas Intermediate crude up 0.5% at $74.33 per barrel.
US factory orders, scheduled for release at 10 am ET, are seen dropping by 0.3% in November after a 0.2% uptick in October, according to estimates compiled by Bloomberg.
In other world markets, Japan's Nikkei closed 1.5% lower, Hong Kong's Hang Seng ended 0.4% lower, and China's Shanghai Composite finished 0.1% lower. Meanwhile, UK's FTSE 100 gained 0.2%, and Germany's DAX index rose 1.1% in Europe's early afternoon session.
In equities, shares of Microsoft were up 1% pre-bell. CytoMed Therapeutics (GDTC) shares rose 28% after the company formed a collaboration with India's SunAct Cancer Institute to advance a treatment candidate for solid cancers.
On the losing side, T-Mobile US (TMUS) shares fell 1.5% after Wells Fargo and RBC downgraded their ratings on the stock to equalweight and sector perform, respectively.
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