Equities responded positively to the drop in oil and yields, with S&P 500 futures up 0.8% and Nasdaq futures rising 1.3%.
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European and Asian markets also saw modest gains.
Chinese chipmaker CXMT Corp surged 500% in its Shanghai trading debut after raising $8.6 billion in Asia's largest IPO this year.
According to LSEG IBES data, about one-third of S&P 500 companies are expected to report earnings this week, with gains on track for a 26.5% year-over-year increase.
A Wall Street Journal report revealed Nvidia was negotiating a $250 billion backstop for OpenAI related to a data center project, highlighting significant AI-related investments.
Upcoming U. S.
economic data releases include advance Q2 GDP, June PCE price index, personal income, consumption, and employment indicators.
The eurozone will release flash Q2 GDP, economic sentiment, consumer confidence, inflation, and unemployment figures.
The drop in oil prices contributed to a 4 basis point fall in 10-year Treasury yields to 4.63%, with the dollar weakening broadly and the euro rising 0.3% to $1.1408.
The Singapore dollar strengthened following an unexpected monetary policy tightening, while the Indonesian rupiah weakened after the central bank governor's surprise resignation, raising investor concerns.
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Gold prices rose 1.3% to $4,103 an ounce amid falling yields.
