US Futures Edge Higher After Tech-Led Rally
US stock futures edged higher on Tuesday after the major averages began the week on a strong footing, with technology stocks rallying despite pressure from surging bond yields. Futures linked to the Dow, S&P 500 and Nasdaq 100 were each up around 0.1%. In regular trading on Monday, the Nasdaq Composite climbed 1.05% to a fresh record high, while the S&P 500 and Dow advanced 0.66% and 0.18%, respectively. Megacap technology stocks led the gains, with Nvidia rising 2.1%, Tesla adding 2.2% and Microsoft gaining 1.5%. SpaceX also jumped more than 7% following reports that the company has proposed building a natural gas pipeline in Florida to support Starship launches from Cape Canaveral. Meanwhile, US 10- and 30-year Treasury yields climbed to their highest levels since 2002, keeping investors cautious. Elsewhere, oil prices fell on signs of increased supply from the Middle East, easing concerns over inflation and the prospect of higher interest rates.
US stock futures edged higher on Tuesday after the major averages began the week on a strong footing, with technology stocks rallying despite pressure from surging bond yields. 1%. 18%, respectively. 5%.
SpaceX also jumped more than 7% following reports that the company has proposed building a natural gas pipeline in Florida to support Starship launches from Cape Canaveral. Meanwhile, US 10- and 30-year Treasury yields climbed to their highest levels since 2002, keeping investors cautious. Elsewhere, oil prices fell on signs of increased supply from the Middle East, easing concerns over inflation and the prospect of higher interest rates.