US Stocks Rebound as Treasury Yields Ease and Semiconductors Recover

US stock futures pointed to a higher open on Tuesday as Treasury yields eased and semiconductor shares recovered. The Dow Jones Industrial Average rose about 0.4% while the S&P 500 gained 0.4%. The tech-heavy Nasdaq Composite advanced 0.7%, recovering from Monday's decline in technology stocks.

The benchmark 10-year Treasury yield fell more than 3 basis points to 4.666%, supporting equities as investors assessed the outlook for interest rates. Chip stocks were among the strongest movers, with Nvidia shares rising more than 1% and Advanced Micro Devices and Micron Technology gaining over 2% each.

Investors are awaiting Nvidia's quarterly results due after the market close on Wednesday, which will provide fresh signals on the strength of demand for artificial-intelligence chips and data-centre infrastructure. The results will be a key test for the technology sector after Nvidia shares logged a seventh straight session of declines on Monday.

The focus is also on economic data and monetary policy. Investors are due to receive readings on new home sales, weekly employment changes, and manufacturing activity on Tuesday, ahead of the Federal Reserve's preferred inflation gauge, the PCE price index, on Wednesday.