According to CoinMeta, as oil prices fell, U.S. stock index futures rose in the early trading on Monday. As of press time, the Nasdaq 100 index futures, which are dominated by technology stocks, rose by 0.7%, and the S&P 500 index futures rose by 0.8%. West Texas Intermediate crude oil in the United States fell by 3.6% to around $88 per barrel. Sevens Report founder Tom Essaye stated that remarks by U.S. President Donald Trump reduced market expectations of a U.S. resumption of attacks on Iran, leading to a decline in oil prices and thus an increase in U.S. stock futures. He pointed out that Trump said it was "highly unlikely" to resume large-scale attacks on Iran, although U.S. Secretary of State Mike Pompeo described some of Iran's demands as "indignant and absurd." After last Thursday's sell-off, investors remained skeptical about the trend of the Nasdaq 100 index, which fell below its 200-day moving average by 4.8% last week, a level rarely seen in history. There is disagreement in the market regarding the factors that caused this decline: strategists at Societe Generale believe there are signs of institutions reducing their risk exposure, while another market analysis points out that large-scale liquidation by retail investors is also a significant reason.