Commodities
AI Stocks Offset Oil Price Concerns as Wall Street Futures Rise
Wall Street futures rose on Thursday as strength in AI stocks offset concerns over volatility in bond markets and a renewed rise in oil prices.
The S&P 500 futures were up 0.4% after moving between gains and losses, with chipmakers providing support following an upbeat forecast from Micron Technology Inc.
However, swings in global bond yields weighed on sentiment, with the yield on 10-year US Treasuries touching its highest level since 2002.
The yield on 30-year UK government bonds briefly crossed 6% for the first time since 1998 before retreating.