U.S. Stock Futures Rise as Yields Retreat, Oil Eases

By EC Assets · Published

U.S. stock futures showed modest gains on Tuesday, supported by declining Treasury yields and lower oil prices. The Nasdaq Composite had earlier reached a record high. Investors reduced expectations for Federal Reserve interest rate hikes. U.S. stock futures inched up following the Nasdaq's record performance. This occurred as bets on Federal Reserve rate hikes decreased. Treasury yields also fell as investors anticipated the Federal Open Market Committee (FOMC) minutes. Crude oil prices had rebounded on Monday. This rebound followed developments involving Iran and the Strait of Hormuz. U.S. crude oil futures rose by 2 percent. However, the overall trend saw easing oil prices contributing to stock future gains on Tuesday. ECB Governing Council member Olli Rehn stated that high yields are expected to dampen the energy price pass-through. India’s finance minister confirmed a trade impasse with the U.S. This indicates little room for negotiation. Investors will continue to monitor economic data releases and central bank communications for further market direction. The FOMC minutes are a key upcoming event. This article is intended for informational purposes only. It does not constitute investment advice.

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