US Futures Rise as Traders Return to Technology – Europe Market Wrap

US stock futures surged, with Nasdaq 100 Index futures up 1.2%, as traders bought beaten-down tech stocks and drew heart from signals that US tariffs may be more targeted.

In early Monday trading, S&P 500 contacts rose by around 1%. Tesla gained almost 4% in premarket trade. Nvidia and Palantir surged on reports that Jack Ma’s Ant Group had developed AI techniques that might reduce expenses by 20%.

Meanwhile, the Dollar sank and Treasury yields rose. European indexes saw little change. SAP SE, a German software producer, has surpassed Novo Nordisk A/S, a Danish weight-loss medicine firm, as Europe’s most valuable public corporation, despite its shares falling 18% this year.

Meanwhile, investors were keeping a watch on Turkey, where President Erdogan’s major political adversary, Imamoglu, was arrested, which might provoke widespread protests. The Lira plummeted 0.6% versus the Dollar, reaching near-record lows.