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Futures up: S&P 500 0.36%, Nasdaq 100 up 0.55%, Dow up

0.51%

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Juniper Networks ( JNPR ), HPE rise after DoJ settles antitrust

case

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Tech stocks rise as Canada scraps digital service tax

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Banking shares rise after Fed's stress test

(Updates with premarket prices)

By Sruthi Shankar and Nikhil Sharma

June 30 (Reuters) - U.S. stocks were set to open higher

on Monday, as optimism over the United States striking trade

deals with its key partners fed into the bullish momentum that

had sent Wall Street indexes to record highs last week.

Shares of technology heavyweights rose premarket after

Canada scrapped its digital services tax targeting U.S. tech

firms, just hours before it was due to take effect, in a bid to

advance stalled trade negotiations with the United States.

Shares of Amazon ( AMZN ), Apple ( AAPL ), Alphabet

and Meta Platforms ( META ) edged up in the range of

0.2% and 1.8%.

The benchmark S&P 500 and the tech-heavy Nasdaq

Composite rose to all-time highs on Friday, as bets of

deeper U.S. interest rate cuts and renewed optimism around AI

helped markets rebound from the months-long tumult sparked by

U.S. President Donald Trump's tariff policies and geopolitical

tensions.

The blue-chip Dow remains 2.7% below its record closing high

reached on December 4.

Focus now shifts to a July 9 deadline for countries to reach

deals with the United States or see tariffs spike higher, but

Trump has said he could extend the tariff deadline or "make it

shorter".

"We've got this deadline coming, but then Trump has said

that the deadline can be moved. And then you've got markets

thinking that the Fed could potentially cut interest rates

sooner than later. So there are a lot of drivers here," said

Dennis Dick, at trader at Triple D Trading Inc.

"Investors are just confident here in this market right now,

because we've had some bad news come in, even some bad earnings

reports, and they buy the stocks right back. So bulls remain in

complete control."

Investors are also looking into economic data and fiscal

policy developments to see if the latest bull run in U.S. stocks

can continue.

U.S. Senate Republicans will try to pass Trump's sweeping

tax-cut and spending bill, despite divisions within the party

about its expected $3.3 trillion hit to the nation's debt pile.

Trump wants the bill passed before the July 4 Independence Day

holiday.

Key economic data releases this week include monthly

non-farm payrolls and the Institute for Supply Management's

survey on manufacturing and services sectors for June. Several

U.S. central bank officials including Federal Reserve Chair

Jerome Powell are scheduled to speak later this week.

A raft of soft economic data and expectations that Trump

will replace Powell with someone dovish have pushed up bets of

rate cuts from the Fed this year.

By 8:35 a.m. ET (1235 GMT), S&P 500 e-minis were up

22.5 points, or 0.36%. Nasdaq 100 E-minis rose 124.5

points, or 0.55%, and Dow e-minis climbed 223 points, or

0.51%.

Despite record highs for U.S. stocks, the S&P 500, Nasdaq

and Dow are set for their weakest first-half performances since

2022.

Shares of big U.S. banks rose after most cleared the Federal

Reserve's annual "stress test", paving the way for billions in

stock buybacks and dividends.

Shares of Bank of America ( BAC ) rose 1%, while rivals

JPMorgan Chase ( JPM ), Citigroup ( C/PN ) and Wells Fargo ( WFC )

added between 0.3% and 1.7%.

Juniper Networks ( JNPR ) rose 8.5% after the U.S. Justice

Department settled its lawsuit challenging server maker Hewlett

Packard Enterprise's ( HPE ) all-cash acquisition of the

networking gear maker for $14 billion.

Hewlett Packard Enterprise ( HPE ) shares soared 14.1%.