New Delhi, July 20 -- The US stock futures traded higher in Monday's session, 20 July, as crude oil prices retreated sharply from the day's highs amid signs of renewed diplomatic efforts between the US and Iran, easing some concerns over global oil supplies. However, geopolitical tensions in the Middle East remained elevated.

Futures tied to the S&P 500 advanced 0.5%, while Nasdaq-100 futures gained 1%. Futures linked to the Dow Jones Industrial Average rose 203 points, or 0.4%.

Last week, all three major US indices ended in negative territory, with technology stocks bearing the brunt of the selling pressure after reports emerged that Chinese AI startup Moonshot had developed a new artificial intelligence model capable of competing with...