Nasdaq Futures Trim Gains Amid Rising Treasury Yields
On September 18, Nasdaq 100 E-Mini futures trimmed earlier gains as rising U.S. Treasury yields dampened investor enthusiasm for riskier assets like equities. The yield on the 10-year T-note rose by 4.4 basis points to 4.98%, contributing to a shift in market sentiment. Meanwhile, WTI crude prices reversed an initial decline and moved higher as investors anticipated diplomatic developments regarding U.S.-Iran tensions. The previous day saw strong gains across major indices due to falling Treasury yields and optimism about the Federal Reserve's inflation control efforts. Chipmakers like Arm Holdings (ARM) and Intel (INTC), along with AI infrastructure stocks such as Nvidia (NVDA) and Tesla (TSLA), performed well, while Generac Holdings surged after a supply deal with Amazon was announced. Economic data released on Thursday showed mixed results: initial jobless claims fell to an 8-week low of 196K, but housing starts declined unexpectedly. Market participants are now looking ahead to the Fed's industrial production report and comments from officials as they assess potential policy moves.
Tickers: $ARM $GNRC $INTC $NVDA $TSLA
Topics: Federal Reserve Nasdaq Futures Oil Prices Treasury Yields