Nvidia shares were higher in pre‑market trading, joined by Meta Platforms and Amazon, propelling the Nasdaq Composite to a new season high.
The 10‑year Treasury yield slid 3 basis points to 5.277%, while the 30‑year fell to 5.636%, both having climbed to their highest levels since 2002 on Monday—easing the pressure on equity valuations.
S&P 500 futures tick up 0.3%, Dow futures gain 215 points (0.4%), and Nasdaq‑100 futures rise 0.4%, reflecting optimism ahead of the corporate earnings calendar.
Brent crude eased 2% to $98.05 a barrel, West Texas Intermediate fell 2.3% to $87.47, giving markets a breather amid the West Asia conflict.
Morgan Stanley Wealth Management investment chief Lisa Shalett noted that, despite intraday volatility spikes, the six‑week bond market stretch has not yet reached the extremes that triggered the 2022 equity bear market.
With Fed policy uncertainty lingering, traders now focus on AI stocks and the upcoming earnings season, while bond yields and oil prices continue to shape the backdrop for market participants.