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Tech Bulls Prevail on Wall Street Pre-Bell; Asia, Europe Up

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Wall Street futures pointed moderately higher pre-bell Tuesday as traders again leaned toward risk on for AI- and tech-shares.

In the futures, the S&P 500 rose 0.4%, the Nasdaq inclined 0.7% and the Dow Jones was up 0.2%.

The VanEck Semiconductor exchange-traded fund (SMH) traded up 1.6% pre-bell.

West Texas Intermediate crude oil traded down 2.4% at $89.09, as the latest ceasefire iteration between Israel and Iran appeared to hold.

Asian exchanges traded mostly higher overnight, taking part in the global tech revival. Seoul's KOSPI Index rose 8.2%, rebounding from the 8.3% decline logged on Monday.

European bourses tracked moderately north midday on the continent.

On the economic calendar is the international trade in goods and services bulletin for April at 8:30 am ET, followed by the existing home sales report for May at 10 am.

In economic news, the NFIB Small Business Optimism Index fell in May to 95.3, down from 95.9 in April, and remained below its 52-year average of 98.0.

In pre-market action, bitcoin traded at $62,736, and 10-year US Treasuries offered 4.56%. Spot gold commanded $4,333 an ounce.

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