US stock futures experienced modest increases on Sunday evening, with the S&P 500 futures rising 0.2%, Nasdaq 100 futures up 0.1%, and Dow Jones Industrial Average futures gaining about 0.2%. This follows a strong finish to the previous week, where both the S&P 500 and Nasdaq Composite reached record highs, closing up 0.3% and 0.9%, respectively, while the Dow fell 0.3%. The market's attention is drawn to geopolitical developments, particularly after former President Donald Trump announced 'Project Freedom,' aimed at assisting cargo ships stranded in the Strait of Hormuz. The initiative is set to begin Monday but lacks specific operational details. Meanwhile, Iran has indicated it received a US response to its peace proposal, suggesting a potential thaw in relations. Investors are also gearing up for key economic data this week, including the April U.S. jobs report, which is expected to show a slowdown in job growth, with forecasts of 60,000 new positions compared to 178,000 in March, while the unemployment rate is projected to remain steady at 4.3%. Additionally, earnings reports from major semiconductor companies and others will be closely watched.