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South Korean internet portal operator Naver: Nvidia (NVDA.O) will acquire $1 billion worth of Naver shares.
As oil prices fell, U.S. federal funds futures rose, with the December contract gaining 5 points.
Nasdaq futures opened 1.4% higher on Monday, while S&P 500 futures rose 0.76%.
The U.S. Department of Energy has instructed grid operator Southwest Power Depot to dispatch generators as needed to maintain grid reliability.
The U.S. Department of Energy issued a state of emergency for the power grid in 17 states due to the high temperatures.