US stock futures rise as defensive strikes on Iran and strong earnings boost market confidence

US stock futures increased following a Memorial Day break, supported by defensive US strikes on Iranian missile sites and optimism over AI-driven earnings growth. Key stocks like Elbit Systems and Intuitive Machines saw notable gains due to new contracts and deals. Despite market resilience, economist Mohamed El-Erian warns of underlying economic vulnerabilities and a growing divide between Wall Street and Main Street amid persistent inflation and uncertain Federal Reserve policies. Investors are also watching upcoming economic data releases this week for further market direction.