U.S. Futures Rise as Yields Ease and Oil Prices Slide

U.S. stock index futures edged higher Tuesday evening as Treasury yields retreated from recent peaks and oil prices fell on signs of improving supply. S&P 500 futures rose 0.17% to 7,745.50, Nasdaq 100 futures gained 0.25% to 30,690.50, and Dow futures added 0.18% to 51,794.0.

The gains came after a mildly negative Wall Street session. Stocks ended well above their intraday lows as yields paused their advance and oil prices slid.

Chipmakers rebounded from early weakness, lifting the Philadelphia Semiconductor Index 1.3%. Tech stocks had weighed on Wall Street in recent weeks after several AI frontier labs called for slower development over safety concerns.

Reports that Anthropic was preparing for a large initial public offering also helped the AI trade regain ground. Soft job openings and consumer confidence data, along with comments from New York Fed President John Williams, helped temper the rise in yields.

Williams said the Federal Reserve did not need to rush its next move after raising rates by 25 basis points earlier in September. The 10-year Treasury yield fell from a 17-year high after his remarks.