New Delhi, June 29 -- The US stock futures traded modestly higher on Monday, 29 June, as investors returned to beaten-down technology stocks following last week's sharp rotation. A busy week of economic data releases and the annual gathering of central bankers in Portugal is expected to set the tone for global markets.

Futures tied to the S&P 500 rose 0.08%, while Nasdaq 100 futures gained 1.1% and Dow Jones Industrial Average futures advanced 0.4%.

Last week, all three major US indices ended in the red, with the Nasdaq 100 plunging 4.3%, its second-worst weekly performance of the quarter, as investors booked profits in technology and semiconductor stocks following reports that OpenAI could delay its initial public offering (IPO).

The ...