India, June 29 -- The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to show a strong move to the upside following the lackluster performance seen in the previous session.
Technology stocks may lead an early advance on Wall Street, as reflected by the 1.2 percent jump by the tech-heavy Nasdaq 100 futures.
Traders may look to pick up tech stocks at reduced levels following last week's slump, which saw the Nasdaq plunge by more than 4 percent.
The sector may receive a boost after South Korea announced a $576 billion semiconductor and AI investment plan, backed by Samsung and SK Hynix, to strengthen its global chip leadership.
Investors are also keeping an eye on developments in the Middle Ea...