Wall Street futures rose on Monday due to optimism around AI demand and a U.S.-China trade truce. The S&P 500 and Nasdaq had strong gains in October fueled by AI spending. Semiconductor firms like AMD and Qualcomm will report results, giving more insight into AI demand. Trump announced Nvidia’s advanced chips will be kept from China. Dow E-minis were up 0.1%, S&P 500 E-minis up by 0.37%, and Nasdaq 100 E-minis up by 0.59% in early trading. Investors are awaiting private sector economic data this week after the U.S. government shutdown caused uncertainty. ADP’s private payrolls data will be closely watched for labor market health. Fed officials are divided on rate cuts, with traders pricing in a 69% chance of a 25-basis-point cut in December. The U.S. Supreme Court will hear a case on the legality of Trump’s tariffs. Berkshire Hathaway’s Class B shares rose 1.4% after reporting higher profits. Data storage companies saw gains after Samsung delayed DDR5 contract pricing.

Read more at Yahoo Finance: Wall Street futures rise on AI optimism, US-China trade truce