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Futures up: Dow 0.27%, S&P 500 0.28%, Nasdaq 0.44%

July 29 (Reuters) - U.S. index futures climbed on Monday

after the recent market rout, as investors girded up for a busy

week marked by a Federal Reserve interest-rate decision, eagerly

awaited tech earnings and crucial labor data.

Nvidia ( NVDA ), Alphabet, Amazon.com ( AMZN ),

Meta Platforms ( META ) and Tesla were up between 0.5%

and 0.8% in premarket trading, after a recent sell-off in

megacap tech shares saw Wall Street's main stock indexes

spiraling down last week.

At 5:40 a.m. ET, Dow e-minis were up 109 points, or

0.27%, S&P 500 e-minis were up 15.5 points, or 0.28%,

and Nasdaq 100 e-minis were up 84.75 points, or 0.44%.

The three major U.S. stock indexes jumped more than 1% on

Friday after hopes of an early start to monetary policy easing

were boosted by an encouraging U.S. inflation report, close on

the heels of recent data signaling a loosening jobs market.

However, the S&P 500 and the Nasdaq failed to recoup lost

ground and closed the week lower after a disappointing start to

tech earnings prompted the indexes to log their steepest one-day

slide since 2022 on Wednesday.

The next round of earnings from Wall Street's tech giants

including Microsoft, Meta, Apple and Amazon.com ( AMZN ) starts on

Tuesday.

Investors will be on the watch for justifications for the

over-stretched valuations of these high-momentum stocks, as well

as signs that the AI-led equity rally has room to grow.

After Wall Street's record-breaking run since the start of

this year, concerns about the dominance of Big Tech have

prompted investors to pull out of these top-tier stocks and pour

into lagging sections such as mid and small caps, which are

expected to benefit from a low-interest-rate environment.

Investors have now pinned their hopes on the Fed likely

signaling a rate cut in September in its policy decision on

Wednesday. Any hawkish commentary from central bank officials

would likely put equities under renewed selling pressure.

Bets of a 25-basis-point cut by September have held around

88%, although they are sharply up from last month's near-60%,

according to CME's FedWatch Tool.

A raft of employment reports through the week, such as the

Job Openings and Labor Turnover Survey, ADP Employment, non-farm

payrolls and weekly jobless claims, will also be parsed for

concrete clues on a somewhat easing labor market.

Among other movers, crypto stocks such as Coinbase Global ( COIN )

, Riot Platforms ( RIOT ), Marathon Digital ( MARA ) and

MicroStrategy ( MSTR ) gained around 4% each after bitcoin

prices jumped to a seven-week high.

Abbott Laboratories ( ABT ) dropped 7.6% after a jury

ordered the healthcare company to pay $495 million in damages in

a premature-infant formula trial.