Stock futures were near the flatline on Monday evening after the Nasdaq Composite climbed to a fresh record.
S&P 500 futures were up 0.08%, while Dow futures gained 57 points, or 0.1%. Nasdaq-100 futures added 0.09%.
During the regular trading day, theNasdaq Composite gained roughly 1% to reach an all-time high and record close. The Dow Industrials advanced about 90 points, or 0.2%, while the S&P 500 added 0.7%
Stocks related to the artificial intelligence trade saw notable moves during the day. SpaceX jumped more than 7%, while Nvidia andTesla rose over 2% each. Meta Platforms andMicrosoft jumped over 1%.
Asian stocks were poised to open higher Tuesday, tracking gains on Wall Street as AI-linked stocks powered the Nasdaq Composite to a fresh record high, even as U.S. Treasury yields remained elevated.
Japan's Nikkei 225 was set to open higher, with its Chicago futures contracts last at 70,195, compared with the index's previous close of 69,946.86. Futures for Hong Kong's Hang Seng index stood at 24,266, higher than its last close of 24,040.34. Mainland China markets remain closed for a holiday.
Oil prices fell overnight. The Brent crude futures slipped 1.9% to close at $100.32 per barrel and West Texas Intermediate crude fell about 1.8% to $89.43 per barrel.
Treasury yields remained in focus, as the 10-year note yield once more touched highs last seen in 2002, surpassing 5.3%. The 30-year yield also breached 5.7% at one point also for its highest level in 24 years.
Bonds have been volatile over the past six weeks, Morgan Stanley Wealth Management investment chief Lisa Shalett said in a note to clients. She cited a potentially new Fed policy framework, economic growth and high oil prices while the Middle East conflict stretches on as factors.
"Nevertheless, while intraday implied volatility has risen, the six-week stretch has not reached the extremes that catalyzed the 2022 equity bear market," Shalett wrote.
Traders are eyeing the Federal Reserve's minutes from its September meeting due Wednesday, which could shed some light on policymakers' move to raise rates.
37 Min AgoAsia markets set to rise after Wall Street gains despite elevated Treasury yields
Asian stocks were poised to open higher Tuesday, tracking gains on Wall Street as AI-linked stocks powered the Nasdaq Composite to a fresh record high, even as U.S. Treasury yields remained elevated.
Japan's Nikkei 225 was set to rise at open, with its Chicago and Osaka futures contracts last at 70,220 and 70,180 respectively, compared with the index's previous close of 69,946.86.
Futures for Hong Kong's Hang Seng index stood at 24,266, higher than its last close of 24,040.34.
Australia's S&P/ASX 200 added 0.38% at the open.
Mainland China markets remain closed for a holiday.
— Lee Ying Shan
50 Min AgoTech sector marks record close
The tech sector of the S&P 500 ended Monday's trading at a record close.
Information technology jumped 0.7% in the session as investors snapped up shares of companies tied to the artificial intelligence trade. Memory stocks Western Digital and Seagate Technology rose 6% and 4%, respectively. Nvidia added 2%, as did Broadcom.
The gains come at a time when tech continues to dominate the overall market. The Invesco S&P 500 Equal Weight ETF (RSP) is down 3.6% in the past month, while the S&P 500 has gained 0.7%.
— Ananya Chetia
2 Hours AgoStock futures open flat
U.S. equity futures were little changed on Monday. Futures tied to the Dow Jones Industrial Average added 47 points, or 0.09%. S&P 500 futures rose 0.1% and Nasdaq-100 futures climbed by 0.1%.
— Ananya Chetia
