Rising rate fears are hurting tech-heavy indexes, but the Dow's value tilt and lower tech exposure may offer relative resilience.
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June 9 (Reuters) - Wall Street's main indexes rose at the open on Tuesday, as chipmakers extended gains for a second day, while easing hostilities in the Middle East also aided sentiment.
The Nasdaq’s rebound continued on Tuesday after Wall Street sniffed another run for momentum stocks. The tech-heavy index rose 0.7%. The S&P 500 rose 0.6%. The Dow rose 350 points, or 0.7%. Chips and other stocks with momentum in recent weeks continued to bounce back from Friday’s selloff.
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Wall Street looked set to see chipmakers continue their rebound on Tuesday, with investors continuing to pick through the wreckage of last week's tech sell-off ahead of key US inflation data. Futures pointed higher across the board, with contracts on the Nasdaq 100 up 0.9%, S&P 500...
What hasn’t really moved, however, is the longer end of the bond market, where yields remain elevated and forecasts for Federal Reserve rate hikes are getting increasingly aggressive following last week’s stronger-than-expected payroll data, and ahead of Wednesday’s May inflation readings. The higher yields, which have for the most part echoed market bets on a Fed rate hike before the end of the year, now priced at around 70% by the CME Group’s FedWatch, also seem to be resetting at levels that could make stock markets uncomfortable. Its closest comparison in the bond markets, the yield on 3-month Treasury bills, is holding at around 3.7%.
Tesla stock rose early Tuesday, with investors digesting autonomous driving updates from the company and ARK Invest’s Cathie Wood. Shares of the electric-vehicle maker were up 0.6% at $411.25 in premarket trading, while and futures were up 0.5% and 0.2%, respectively. The modest early move came after Tesla released safety data on Dutch drivers using the company’s Full Self-Driving product, which can handle most driving tasks but still requires 100% driver supervision.
US equity futures rose pre-bell Tuesday as oil prices receded on optimism that a US-Iran peace agree
Pre-Market Stock Futures: Futures are trading higher after the bulls tried to rally stocks on Monday, after the drubbing they took on Friday, and it looks the same way today. While it was a partial victory on Monday, by the close, the huge gains from the morning were cut in half, and the Dow Jones ... Here Are Tuesday’s Top Wall Street Analyst Research Calls: Cerebras Systems, Cleveland-Cliffs, Equity Residential, FuelCell Energy, Lennar, Luckin Coffee, Toll Brothers, and More
U.S. stock futures rose Tuesday as chip stocks extended a recovery from last week's selloff, while crude oil fell on Trump's Iran deal comments
Wall Street futures pointed moderately higher pre-bell Tuesday as traders again leaned toward risk o
U. S. equity futures pointed higher on Tuesday as investors monitored developments surrounding the conflict with Iran and a recovery in artificial intelligence-related technology shares.
Warsh and the Federal Open Market Committee (FOMC) can drive the dagger into Trump's hopes for a rate cut at the June 17 meeting.
Stocks looked set to rise on Tuesday as investors continued to buy the dip, taking advantage of last week’s artificial intelligence selloff to snap up shares in tech companies on the cheap. The Nasdaq and the S&P both rallied on Monday as the market piled back into chip makers and other momentum stocks. The dip-buying may well have legs, although it’s possible that either consumer-price inflation data or quarterly earnings from Oracle on Wednesday could snap the rebound.
Trump announced an Iran ceasefire and markets moved. Stocks gained 0.9%, oil calmed. Bitcoin near $63K did not react.
World shares were mostly higher on Tuesday, with tech shares leading gains after Wall Street recovered some of its sell-off from last week. Oil prices fell back after surging on Monday as fighting flared between Israel and Iran, threatening to pull the region back into full-scale war. SK Hynix, which on Monday announced plans to partner with Nvidia in building data centers, jumped 15.9%.
Friday saw the Nasdaq Composite post its largest one-day point decline on record, but stocks were already bouncing back to start the week. The S&P 500 added 0.3% and the Nasdaq Composite rose 0.9%. “After the strength of the recent rally, a pullback in markets was to be expected,” writes Ulrike Hoffmann-Burchardi, CIO Americas and global head of equities, UBS Chief Investment Office.

<body><p>STORY: U.S. stocks ended mostly higher Monday boosted by shares of chip companies.</p><p>While the Dow fell slightly, the S&P 500 added three tenths of one percent and the Nasdaq climbed about nine tenths.</p><p>:: Intel</p><p>Intel shares jumped 11% after news website The Information reported that Alphabet's Google had placed an order to manufacture more than 3 million tensor processing units in 2028.</p><p>:: Marvell Technology</p><p>And shares of Marvell Tech rose 9.5% after S&P announced that the company would be added to the S&P 500 index later this month.</p><p>Also, Iran and Israel said they had halted attacks on each other.</p><p>This came after an appeal from U.S. President Donald Trump that they immediately "stop shooting." </p><p>The attacks over 24 hours were the most direct confrontation between Iran and Israel since an April ceasefire in the war.</p><p>Justin Livengood, senior portfolio manager with Invesco, says he thinks regardless of when there is an end to the conflict in the Middle East, energy prices could stay higher, which could lead the Federal Reserve to raise interest rates.</p><p>“Inflation's been drifting up in general the last six to nine months, not just for oil prices but even for core elements. And that's a concern. I think that concern persists as oil and natural gas prices linger higher. And the longer that persists, the more likely we are to have a Fed feel they need to raise rates late this year. I certainly feel that right now the base case for the Fed is a hike, not a cut, as their next move. And I think with each week and month that this Middle East conflict continues. The odds of that hike get pulled forward.” </p><p>:: Apple</p><p>Other stocks on the move included Apple which dropped almost 2% after announcing a Siri revamp at its annual Worldwide Developers Conference.</p><p>:: AWS</p><p>And shares of Corning gained 5.5% after Amazon announced a multi-year multi-billion-dollar deal to buy the company's optical fiber and cables for its data centers. </p></body>

US stock futures edged lower as the AI trade continued to take center stage on Wall Street.
Annaly Capital Management (NLY) closed the most recent trading day at $20.96, moving 1.23% from the previous trading session.
Dow Jones Futures: President Trump and Iran's comments sparked a tech rebound Monday. Micron, Nvidia and Sandisk were big winners.