US Futures Hold Near Records
US equity futures were muted on Tuesday, holding gains from the previous session amid softer borrowing costs for the corporate sector and new optimism on returns on AI agents. Contracts for the S&P 500, Dow, and Nasdaq 100 were flat, with the former two hovering less than 0.5% from their record highs. Stocks were broadly higher premarket as oil and fuel prices softened for a fifth session following signs that Iran, the GCC, and the US could chase diplomacy to restore some oil trade in the Persian Gulf, trimming the surge in bond yields this month. AI hyperscalers, which have issued record levels of corporate debt despite high borrowing costs, were higher with Microsoft, Oracle, and Alphabet adding 1%. Banks and industrials also gained. In turn, chip producers inched down but still held most of their surge yesterday, buoyed by positive responses from Meta's Muse AI agent. AMD, Micron, and Intel inched down 1%.
US equity futures were muted on Tuesday, holding gains from the previous session amid softer borrowing costs for the corporate sector and new optimism on returns on AI agents. 5% from their record highs. Stocks were broadly higher premarket as oil and fuel prices softened for a fifth session following signs that Iran, the GCC, and the US could chase diplomacy to restore some oil trade in the Persian Gulf, trimming the surge in bond yields this month. AI hyperscalers, which have issued record levels of corporate debt despite high borrowing costs, were higher with Microsoft, Oracle, and Alphabet adding 1%.
Banks and industrials also gained. In turn, chip producers inched down but still held most of their surge yesterday, buoyed by positive responses from Meta's Muse AI agent. AMD, Micron, and Intel inched down 1%.