U.S. stock futures traded mostly flat Tuesday night as investors turned cautious ahead of Nvidia’s highly anticipated quarterly earnings report. Concerns over rising Treasury yields, stubborn inflation, and geopolitical tensions in the Middle East continued to pressure Wall Street sentiment.
By 20:20 ET (00:20 GMT), S&P 500 Futures remained nearly unchanged at 7,374.50, while Nasdaq 100 Futures slipped 0.2% to 28,881.75. Dow Jones Futures also edged 0.1% lower to 49,425.0.
Markets closed lower during Tuesday’s regular session, extending recent losses as investors reacted to surging bond yields and higher oil prices. The S&P 500 and Nasdaq Composite both recorded a third consecutive day of declines, with technology and semiconductor stocks leading the sell-off.
The benchmark 10-year U.S. Treasury yield climbed to 4.69%, its highest level since January 2025, while the 30-year Treasury yield stayed above 5.1%, levels not seen since 2007. Rising yields have reduced investor appetite for growth-oriented sectors, especially AI and tech stocks.
Oil prices also remained in focus following comments from U.S. President Donald Trump regarding Iran. Trump stated the U.S. had delayed a potential military strike on Iran, although he warned military action could still happen if tensions escalate. Vice President JD Vance added that diplomatic discussions with Tehran were showing progress.
Meanwhile, Nvidia’s earnings report due Wednesday is expected to be a major catalyst for markets. Investors are closely watching the company’s AI chip demand, revenue growth, and guidance on hyperscale cloud spending. Nvidia shares fell 0.8% on Tuesday alongside weakness across semiconductor companies.
Traders are also awaiting the release of the Federal Reserve’s April meeting minutes for additional signals on future interest rate policy. Earnings reports from Target, Hasbro, Analog Devices, and TJX Companies are also scheduled before Wednesday’s market open.


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