Stock Futures Rebound as Oil Holds Near $110 and Key AI Earnings Loom

U.S. stock futures bounced back after last week's technology decline, with Nasdaq 100 futures advancing 0.7% and S&P 500 futures rising 0.3%. The uptick follows a volatile session that saw the Philadelphia Semiconductor Index drop 3.8% and the CBOE Volatility Index hit its highest intraday level in four months as tech valuation concerns mounted.

Energy market instability continues to weigh on the broader economic outlook. Brent crude traded near $110 per barrel following geopolitical clashes in the Middle East and ongoing conflict in Ukraine, while U.S. West Texas Intermediate oil hovered near $101. Sustained high energy costs threaten to keep inflation elevated, potentially constraining the Federal Reserve's scope to reduce borrowing costs.

Investors face a crucial week with quarterly results expected from more than 70 S&P 500 companies, including Tesla, Inc. (NASDAQ:TSLA) and Meta Platforms, Inc. (NASDAQ:META). Markets will also monitor third-quarter economic growth data from China and potential stimulus signals from Chinese authorities during the Financial Street Forum, while the Federal Reserve remains in its standard blackout period ahead of its upcoming rate decision.