Why did US stock futures rise on Monday, and which sectors or stocks contributed most to the gains?

US stock futures rose on Monday as chip stocks stabilized after recent weakness and oil prices declined, helping extend the previous week's rally. Semiconductor stocks—particularly memory-chip makers Western Digital, Seagate, and Micron Technology—rose 5.5%, 4.4%, and 3.4% respectively in premarket trading, contributing directly to the gains; meanwhile, falling oil prices (Brent crude down 0.5% to $71.76) alleviated inflation concerns and supported broader market sentiment.

What are the current market expectations for Federal Reserve interest rate hikes in July and September, and what recent data influenced this shift?

Traders now see a 24% chance of a 25-basis-point rate hike at the Fed's July 29 meeting—down from about 30% a week earlier—and a 44% chance for a similar hike in September, down from 48.3%, according to CME's FedWatch tool; this easing of hawkish bets followed a cooler-than-expected jobs report released on Thursday.

US Stock Futures Rise as Chip Shares Recover, Oil Prices Decline

Jul 6, 2026

US stock futures advanced as semiconductor stocks stabilized and oil prices fell after OPEC+ agreed to increase output targets. Brent crude futures dropped 0.5% to $71.76 per barrel, hovering near four-month lows.

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