Shares of Micron Technology jumped almost 10 percent after analysts at Nomura raised their target for the stock to $100 - $41 above current rates. USA stocks are set for a solid opening with Dow futures and the broader S&P 500 futures headed for gains of 0.2 percent.
However, the tech-heavy Nasdaq Composite peaked to a lifetime closing high backed by all-time high touched by shares of Apple Inc and Amazon.com, Inc.
ENERGY: Benchmark U.S. crude lost 61 cents to $61.44 per barrel in electronic trading on the New York Mercantile Exchange while Brent crude, used to price worldwide oils, shed 56 cents to $64.93 per barrel.
Traders of U. S. short-term interest-rate futures, however, have reeled bets back in on the Federal Reserve delivering any more than the earlier forecast three rate hikes this year.
Boeing and other industrial companies fell Monday, giving back some of the ground they won late last week.
It had also risen against the euro (+0.2pc), but was steady against the British pound and Japanese yen.
Half the S&P sectors finished lower, with industrials being the weakest performer, down 0.9 per cent.
The Australian dollar had risen by 0.4 per cent to 77.8 USA cents about 7:15am AEDT.
Wall Street had its worst two weeks in two years last month as fears of higher wages, inflation and interest rates triggered a selloff that dragged the main indexes into correction territory.
In Europe, Germany's DAX rose 0.4 percent to 12,389 while France's CAC 40 added 0.1 percent to 5,277.
Several stocks were moving on deal news.
Ocular jumped 27 percent after laser and optical fibre specialist Lumen Holdings said it would buy the optical components producer for $1.7 billion.
The S&P 500 rose 7 points, or 0.3 percent, to 2,793.
In small-caps, the Russell 2000 closed at 1,601.06 for a gain of 3.91 points or 0.24%.