The Nasdaq posted its first all-time high since mid-2024 on Monday as enthusiasm for artificial intelligence applications and falling crude prices lifted technology and broader equity markets. Meta shares surged 11% after its Muse AI agent application reached No. 1 on Apple’s App Store, supporting gains among the Magnificent Seven technology companies. Stock futures pointed to further advances on Tuesday, with Nasdaq 100 contracts up 0.2%, S&P 500 futures modestly higher and Dow futures up about 106 points, or 0.2%. Oil prices fell after reports that Iran could reopen the Strait of Hormuz within a week if the U.S. helps reduce military tensions. Brent crude fell below $100 to about $99.75 a barrel, while West Texas Intermediate dropped roughly 2% to $93.80. Treasury Secretary Scott Bessent called initial US-China trade discussions very successful, adding to market optimism ahead of an anticipated summit between President Trump and Chinese President Xi Jinping. Still, Bowersock Capital Partners Chief Executive Officer Emily Bowersock Hill lowered her S&P 500 target to 7,800, citing high interest rates and Treasury yields as a drag and competing attraction for equities. KB Home and AutoZone are due to report quarterly results on Tuesday.