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Following a long holiday weekend, U.S. markets returned to action amid cautious optimism regarding the continued momentum of the technology sector. U.S. stock futures for the S&P 500 and Dow Jones rose as trading resumed following the Memorial Day holiday. Markets are specifically focusing on Elbit Systems, Zscaler, and Intuitive Machines as the Tuesday session begins, with futures gains persisting despite the U.S. conducting defensive strikes against Iranian targets.
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Sign InThis uptick reflects market resilience in the face of geopolitical friction, as investors balance military risks against robust demand for AI-driven technologies. Looking at peer performance, Palo Alto Networks recently reported strong earnings that bolstered confidence in the cybersecurity sector where Zscaler operates, per market data. Defense stocks have also seen increased interest following reports of rising global military spending, placing Elbit Systems in focus at the open.
Traders should monitor liquidity levels as major institutions return to the floor following the public holiday. According to the economic calendar, investors are awaiting the FOMC Minutes scheduled for May 20, 2026, which may provide clues regarding the future path of interest rates. Eyes remain on the stability of futures levels prior to the official opening bell to confirm the sustainability of these early gains.