US Futures Edge Up as Nasdaq Rally Extends
US equity futures edged higher as investors looked ahead to earnings, while the Nasdaq had closed at a record amid tech strength.
Key takeaways
- Nasdaq-100 and Dow futures each rose 0.1%.
- The Nasdaq Composite closed at a fresh record, lifted by Nvidia and other tech stocks.
US stock futures rose Tuesday, with Nasdaq-100 and Dow contracts each up 0.1%. S&P 500 futures also moved above the flat line.
The gains followed a record close for the Nasdaq Composite, supported by all-time highs in Nvidia and other technology shares. Investors’ optimism about upcoming earnings and the artificial intelligence boom persisted despite a global bond sell-off and higher diesel costs.
Bond yields remained elevated. The 10-year Treasury yield closed at 5.31%, its highest level in 24 years, while the 30-year yield reached 5.66%, its highest since 2002.
Constellation Brands and Lamb Weston were due to report earnings Tuesday. The economic calendar was otherwise quiet.
This article was produced with the help of AI technology. Source: Yahoo Finance
