U.S. stock futures were mixed early Monday following the Juneteenth holiday weekend. As of 4:00 a.m. ET, Nasdaq futures were flat, S&P 500 and Dow futures fell 0.1%, and Russell 2000 futures declined 0.3%. Tensions around the Strait of Hormuz eased after Qatar and Pakistan announced the U.S. and Iran had agreed to a 60-day roadmap toward a final peace deal. However, China introduced strict dual-use export curbs targeting U.S. defense, technology, and rare earth companies, lifting geopolitical trade concerns.
Getty Images surged 200% in early premarket trading after announcing an agreement to license its visual library for ChatGPT search experiences. Moonlake Immunotherapeutics rose 17% following strong Phase 3 data for its hidradenitis suppurativa treatment. Intel gained 4% after CEO Lip-Bu Tan outlined plans to increase company value tenfold over the next decade. Micron advanced ahead of earnings this week, while the Roundhill Memory ETF rose 3%.