HomeFinancial MarketsFutures Poised for Rebound Following Three-Week Slump

Futures Poised for Rebound Following Three-Week Slump

U.S. futures were on the rise on Monday morning, putting themselves on the route to recovery following a three-week slump. Bond yields also rose higher, with the benchmark 10-year Treasury bond standing at 4.3%, near its highest level over the past decade.

The S&P 500 index climbed by 0.5%, while the Dow Jones Industrial Average gained 0.7%. The tech-heavy Nasdaq Composite Index edged higher by 0.3%. Stocks in video communication software company Zoom advanced by 1.27% with the company set to release its earnings later in the day. So far this year, the company’s shares have skyrocketed by more than 200%.

Shares in graphics processing unit company Nvidia rose by 2% with its earnings set to be released later in the day as well. Following its decision to cut prices for its EV models in China, Tesla’s stocks rose by 3%. Stocks in rival EV maker Nikola declined by 12% following the resignation of its president of energy, Carey Mendes.

Netflix’s Resilience Praised by Wall Street Analysts After Strong Q1 Earnings

Streaming giant Netflix continues to be championed by Wall Street analysts, who view the company as “resilient” in a tough economic environment after strong...

Fed to “Wait for Greater Clarity” Before Making Policy Adjustment Says Chair Jerome Powell

The Federal Reserve will wait to see the impact of recent sweeping tariffs on the U.S. economy before considering making policy adjustments, according to...

Oil Prices Will Decline Through 2026 According to Goldman Sachs

Oil prices will drop further this year, with the trend spilling over to 2026, according to Goldman Sachs. The investment bank forecasts that increased...