U.S. stock futures rose on Monday following Friday’s sharp sell-off. Futures of the major benchmark indices were higher after they entered the correction territory last week, falling more than 10% below their 52-week highs.

The markets head into the truncated trading week with Good Friday on April 3; however, investors will watch out for March’s employment report, as it is not a federal holiday but just a market holiday.

Meanwhile, over the weekend, President Donald Trump suggested that the U.S. could seize Iran’s oil infrastructure, including the key export hub on Kharg Island. He said his “favorite thing” would be to “take the oil in Iran,” while adding the U.S. has “a lot of options.”

Trump also characterized Iran’s new leaders as “very reasonable” and indicated a possible agreement between the two countries.

The 10-year Treasury bond yielded 4.39%, and the two-year bond was at 3.89%. The CME Group’s FedWatch tool‘s projections show markets pricing a 96.4% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.

Index Performance (+/-)
Dow Jones 0.42%
S&P 500 0.48%
Nasdaq 100 0.47%
Russell 2000 0.56%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Monday. The SPY was up 0.61% at $637.97, while the QQQ advanced 0.59% to $565.89.

Stocks In Focus

Palantir Technologies

  • Palantir Technologies Inc. (NASDAQ:PLTR) rose 0.66% after it announced the renewal and expansion of its long‑standing partnership with Stellantis NV (NYSE:STLA). The new five‑year agreement continues a collaboration that began in 2016.
  • Benzinga’s Edge Stock Rankings indicate that PLTR maintains a weak price trend over the medium term but a strong trend in the long and short medium terms, with a solid growth score.

Benzinga's Edge Stock Rankings for PLTR.

Rezolve AI

  • Rezolve AI PLC (NASDAQ:RZLV) jumped 12.42% after raising its revenue outlook, targeting $350 million in annual revenue and $500 million in annual recurring revenue (ARR) by 2026 after acquiring Reward Loyalty for $230 million.
  • Benzinga’s Edge Stock Rankings indicate that RZLV maintains a weak trend in the long, short, and medium terms.

Full story available on Benzinga.com