U.S. equity futures were little changed Monday as Wall Street assessed the latest developments in the Iran war negotiations and awaits the release of inflation data closely watched by the Federal Reserve.

S&P 500 index(SPX.US) futures traded down 0.1%, while NASDAQ-100(NDX.US) futures hovered just above the flatline. Futures tied to the Dow Jones Industrial Average(DJI.US) were up just 9 points.

Micron was one of the early outperformers, rising more than 4%. The move comes ahead of the chipmaker’s quarterly report, due Wednesday after the bell. SpaceX, however, fell nearly 5%, putting it on pace for its third straight daily decline.

Brent oil futures turned negative on Monday after mediators Qatar and Pakistan said that U.S. and Iranian officials had agreed on a roadmap to reach a final deal within 60 days.

International benchmark Brent crude futures for August gained in early Asian trading, then fell 1.6% to $79.30 a barrel. U.S. West Texas Intermediate futures for July pared a 3% jump in earlier trading to be about 0.8% lower at $76.

The three leading U.S. indexes staged a comeback Thursday after a sell-off on Wednesday, with the declines fueled by investor uncertainty about the trajectory of monetary policy. Thursday’s comeback – led by a rise in chip stocks – helped the indexes finish the trading week higher.

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As of 04:01 PM Riyadh Time, top pre-market movements are as follows:

Iran-US Talks Show Major Progress

• Iran claims "significant progress" after all-night talks with the US, aiming to reach a peace agreement within two months.
• As shipping activity rises and Tehran-Washington seek peace, Iran's crude oil transport through the Strait of Hormuz hits a post-Middle East war high.
• An explosion at a Qatari gas plant injured 54 people and left 18 missing, according to the Qatari Ministry of the Interior.

Khanna Calls for Musk's Accountability Over USAID Cuts

Rep. Ro Khanna demands accountability from Elon Musk, CEO of SpaceX(SPCX.US) and Tesla Motors, Inc.(TSLA.US), for cutting USAID funds, suggesting he be subpoenaed and investigated. Read in detail>>

DRAM ETF Surges to Record High Amid Risks

Roundhill Memory ETF(DRAM.US) hit US$77.63, up 173% from April launch, despite reversal risks. Read in detail>>

Starmer Resigns, UK Gets Fifth PM Since '22

British PM Keir Starmer resigns, political popularity drops sharply two years after Labour Party's big general election win and return to power.

Unprofitable AI Firms Outperform Market

The Kobeissi Letter states investors are favoring AI exposure over profitability, with unprofitable Russell 2000 firms outperforming profitable ones. Read in detail>>

SpaceX Stock Dips 5% Pre-Market

• SpaceX(SPCX.US) shares fell 5.13% in Monday's premarket trading after a two-day selloff post its record IPO. Read in detail>>
• SpaceX shares dropped up to 4.6% in premarket trading Monday, continuing their decline after an initial strong performance following the IPO.
• SpaceX(SPCX.US) shares fell over 20% from Tuesday's peak, sparking doubts about continued rise and affecting ETFs. Read in detail>>
• Rocket Lab(RKLB.US) is down 28% from its peak, losing US$24 billion in market value to US$62 billion, following SpaceX's IPO. Read in detail>>

Greenstone & Intel Team Up for AI Drug Discovery

Greenstone Biosciences partners with Intel Corporation(INTC.US) to scale AI-enabled drug discovery using human iPSC biology and Intel's advanced computing and AI infrastructure.

Micron Stock Pre-Market Surge: Why?

Micron Technology, Inc.(MU.US) shares rose 3.28% in Monday's pre-market after Bernstein SocGen Group hiked its price target from US$510 to US$1,300. Read in detail>>

Tesla's Potential AI Data Center Move with Megapod

Tesla Motors, Inc.(TSLA.US) has filed a trademark for "Megapod," indicating a possible push into selling modular AI data center hardware, challenging Nvidia. Read in detail>>

Fervo, NVIDIA, PNNL Launch Geothermal AI Platform

Fervo Energy Company Class A(FRVO.US), NVIDIA Corporation(NVDA.US), and PNNL announced a deal to create EGS-Twin, a digital twin platform for Enhanced Geothermal Systems technology. Read in detail>>

Getty Images Partners With OpenAI

Getty Images Holdings, Inc. Class A(GETY.US) has secured a display collaboration with Microsoft Corporation(MSFT.US)-backed OpenAI, as announced over the weekend.

Gerber Suggests SpaceX's AI Phone Challenge

• Ross Gerber proposed SpaceX(SPCX.US) could create an AI phone via Starlink to rival Apple Inc.(AAPL.US)'s iPhone, but was reminded Google's Pixel already offers similar features. Read in detail>>
• Jeremy Grantham claims SpaceX(SPCX.US) is in a bubble, using his "100 times sales" metric, indicating potential market overvaluation. Read in detail>>

Sandisk's Massive Growth: What's Next?

Sandisk Corporation(SNDK.US), top performer in S&P 500 and Nasdaq 100, surged 800% since January and 4,755% in 12 months. Read in detail>>

Ross Gerber Praises Waymo Over Tesla's FSD

Investor Ross Gerber says Alphabet Inc. Class A(GOOGL.US)-backed Waymo is "way safer and better" than Tesla Motors, Inc.(TSLA.US)'s FSD, questioning Elon Musk's ability to catch up in navigating LA traffic. Read in detail>>

Top Quant-Rated Earnings This Week: Micron, BlackBerry

Investors eye companies like Micron Technology, Inc.(MU.US) and BlackBerry Limited(BB.US) reporting earnings soon, as their strong Quant Ratings suggest possible outperformance.