US Stock Futures Rise on Cooling Yields as Micron and Tech Stocks Gain
Yahoo Finance ·
Wall Street indices finished Thursday higher, supported by declining Treasury yields. The S&P 500 gained 0.2%, the Nasdaq 100 rose 0.3%, and the Dow Jones Industrial Average added 0.04%, while the Russell 2000 advanced 0.4%. Stock futures traded slightly higher in after-hours action. Treasury yields retreated during the session, with 10-year and 30-year yields dropping 5 and 3 basis points, respectively, and the 2-year yield plunging 10 basis points. Micron Technology delivered stellar earnings with revenue quadrupling, as CEO Sanjay Mehrotra noted that memory demand outpaces supply through 2028. In corporate news, Google faces potential jury trials over digital advertising monopoly claims with damages exceeding $3.2 billion, while Mattel drew takeover interest from Authentic Brands Group. Crude prices climbed following reports of a U.S. aircraft carrier deployment to the Middle East, with Brent settling at $102.31 and WTI at $92.87 per barrel. Investors now await Friday's September employment report, where consensus estimates expect 84,000 payroll additions and a 4.1% unemployment rate.
AI 시장 분석
Driven by declining US Treasury yields and strong earnings from Micron, the S&P 500 and Nasdaq closed up 0.2% and 0.3%, respectively. The 10-year Treasury yield fell by 5 bps, improving investor sentiment, and tech-heavy semiconductor ETFs showed strength. Investors are paying close attention to the upcoming September employment data release and the Federal Reserve's rate path.
상승 영향
- Semiconductors — Strong earnings such as a fourfold surge in Micron's revenue and memory demand exceeding supply led to strength, with SMH and SOXX ETFs rising 1.5%.
- Growth Stocks — The 10-year Treasury yield fell by 5 bps and the 2-year yield by 10 bps, reducing the burden of the discount rate and driving tech-led gains including the Nasdaq 100.
- Crude Oil — Following reports of the US deploying a third carrier strike group to the Middle East, Brent crude surged over 4% to reach $102.31, acting as a positive factor for energy-related assets.
하락 영향
- Consumer Goods — As Brent crude surged to $102.31 per barrel, inflationary pressures mounted and profitability deterioration for consumer goods companies is expected due to concerns over declining disposable income.
- Airlines — With Brent crude, a core raw material for jet fuel, soaring over 4% and fuel cost burdens surging, a direct hit to airlines' operating profits is feared.
DYAX 전담 분석
A combination of falling Treasury yields and strong semiconductor earnings, such as a fourfold surge in Micron's revenue, provided positive momentum to the overall stock market. In particular, the 2-year Treasury yield plummeted by 10 bps, easing the valuation burden on tech stocks.
Whether expectations for future rate cuts are maintained and the results of employment data will be key indicators determining the short-term stock price direction, and oil price upward pressure due to Middle East risks is also a major variable to watch.
AI가 생성한 분석으로 투자 자문이 아닙니다.
DYAX Investor Sentiment
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