Stock Futures Rise as Treasury Yields and Oil Prices Fall

U.S. stock futures are showing gains ahead of the North American trading session, with the Nasdaq 100 poised for another record close if the momentum holds. The S&P 500 is also nearing its record closing level of 7798.98. This upward movement is supported by lower Treasury yields and a decline in crude oil prices, despite renewed Houthi attacks on Saudi Arabia.

The U.S. dollar is mostly weaker against major currencies, with the euro and pound leading the gains. The yen is the exception, with the dollar slightly higher against it. The Canadian dollar remains largely unaffected despite a positive equity backdrop, as lower crude oil prices offset the gains.

Treasury yields have retreated across the curve, offering some relief from higher borrowing costs. However, traders are watching to see if these declines can be sustained through upcoming data and Fed commentary. In the Middle East, attacks continue, but oil prices are falling due to improving exports and the G7's planned release of emergency crude reserves.

Commodities and Bitcoin are showing mixed movements. Crude oil is down, approaching key downside targets, while precious metals and Bitcoin are higher. Bitcoin remains near its recent high, but buyers need to push above $87,374 to confirm further upside momentum.