US stock futures rise as yields, oil dip ahead of earnings

33% Oct 6 (Reuters) — US stock index futures rose on Tuesday as Treasury yields dipped from multi-year highs and oil prices retreated, offering investors some relief ahead of the quarterly earnings season. The tech-heavy Nasdaq closed at a record high on Monday, lifted by heavyweights Nvidia and Microsoft, as investors continued to bet on the AI boom that has pushed stock markets to record highs. 8 trillion. 6% below its mid-August peak on Monday, and a record high for the index would imply the bull market that began in October 2022 remains intact.

Optimism around the AI trade and expectations of strong corporate earnings have helped US stocks outperform global peers over the past six months despite higher energy prices and a volatile summer for bond markets that fueled concerns about tighter monetary policy. 702% a day earlier. A softer-than-expected payrolls report last week eased expectations around rate hikes this year. Traders now see a 78% chance of the Federal Reserve holding interest rates steady this month, though a December rate hike remains largely priced in, according to the CME Group's FedWatch tool.

58 as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns. 6% each, while chip stocks such as Intel and Micron Technology were marginally lower. m. 25%.

33%. The third-quarter earnings season kicks off next week with reports from large US banks. 4% after healthcare group McKesson and private equity firm Clayton Dubilier & Rice were reportedly closing in on a deal to buy the infusion services provider for nearly $5 billion. Mattel shares fell marginally after a major shareholder urged the Barbie maker to explore a sale, saying progress in its performance and profitability had stalled, according to a letter seen.

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