under pressure from rising US Treasury yields and renewed inflation concerns driven by higher oil prices.
S&P 500 futures were broadly steady, while Nasdaq 100 futures edged slightly higher. Dow Jones futures slipped modestly, as investors avoided making strong bets ahead of Nvidia’s highly anticipated earnings release.
Major Wall Street indexes had closed lower for the third consecutive session, led by technology and semiconductor stocks, after higher borrowing costs reduced appetite for growth shares.
The yield on the 10 year US Treasury note rose to its highest level since January 2025, while the 30 year yield stayed above levels last seen in 2007, reinforcing concerns that the Federal Reserve may keep monetary policy tight for longer.
Tensions in the Middle East and risks linked to shipping through the Strait of Hormuz also raised investor concerns about renewed inflationary pressure, especially as crude oil prices climbed. Oil later pulled back after comments from US President Donald Trump, who indicated that a planned military strike against Iran had been delayed while diplomatic efforts continued.
Markets are closely watching Nvidia’s results as a key test for the continuation of the AI driven rally that pushed the Nasdaq and S&P 500 to record levels in recent months. Investors are focusing on revenue growth, demand forecasts for AI processors, and spending trends among major cloud computing companies.
Nvidia shares declined in the previous session alongside broad weakness in the semiconductor sector. Stocks linked to artificial intelligence also fell, including cloud infrastructure providers and chip equipment companies.
Investors are also awaiting the release of the Federal Reserve meeting minutes for further signals on the path of interest rates, along with earnings from several major companies, including Target, Hasbro, Analog Devices, and TJX Companies.
Stay informed about global markets through our previous analyses. and Now, you can also benefit from LDN company services via the LDN Global Markets trading platform.
