Stock Futures Rise as Markets Seek Recovery

Stock futures are higher ahead of the open, suggesting equities may attempt a recovery after last week's selloff. Markets look poised to open the week with a rebound after a volatile stretch driven largely by energy markets and geopolitical developments in the Middle East.Energy prices are still elevated amid the ongoing conflict involving Iran and disruptions around the Strait of Hormuz. Attacks on energy infrastructure and shipping routes have pushed crude above $100 per barrel at times, forcing markets to price in a persistent geopolitical risk premium.Reports suggest diplomatic and logistical efforts are underway to allow more tankers to pass through the Gulf, which has helped cool some of the extreme volatility seen earlier in the month and supported risk appetite in early trading.Even with the modest improvement in sentiment, the broader macro picture remains fragile. Rising oil prices are feeding inflation concerns just as global growth indicators have begun to soften. Policymakers in the United States and Europe are preparing for upcoming meetings while markets debate whether the energy shock will force a more cautious path on rate cuts later this year.Strategists are increasingly warning that the path of oil will likely dictate the trajectory for risk assets in the near term. Some analysts have suggested that a severe and prolonged supply disruption could push equities materially lower if crude continues to climb, highlighting how sensitive the current market environment is to geopolitical headlines and energy prices.In pre-market trading, S&P 500 futures rose 1.01%, Nasdaq futures rose 1.19% and Dow futures rose 0.85%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -National Storageup 29% after entering an agreement under which Public Storagewill acquire the company in an all-stock transaction with an enterprise value of approximately $10.5BNebiusup 11% after announcing Meta Platformshas committed to purchase additional available compute capacity across certain upcoming Nebius clusters up to a total of $15B over a five-year periodSable Offshoreup 9% after resuming the transportation of hydrocarbons produced at the Santa Ynez Unit through the federally regulated and approved to operate Santa Ynez Pipeline System from Las Flores Canyon to Pentland Station at the direction of the United States Secretary of Energy, Chris WrightMicronup 4% after completing the acquisition and assumed ownership of Powerchip Semiconductor Manufacturing Corporation's P5 site in Tongluo, Miaoli County, TaiwanNeoGenomicsup 3% after receiving the PanTracer LBx test has received coverage from the Centers for Medicare & Medicaid Services' Molecular Diagnostics Services ProgramUP AFTER EARNINGS -WWup 11%Lifecoreup 3%Dollar Treeup 1%Townsquare Mediaup 1%DOWN AFTER EARNINGS -Zenas BioPharmadown 1%KE Holdingsdown 1%