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U.S. stock futures continued to rise, as heavy sell-offs in the bond market and soaring diesel costs did not dampen investor optimism about upcoming earnings reports and the AI boom. The Nasdaq 100 index increased by 0.1%, while the Nasdaq Composite reached a new record high, supported by the historic surge in Nvidia's shares and tech companies reaching unprecedented levels. Additionally, futures for the Dow Jones Industrial Average and the S&P 500 also rose, with the latter approaching a fresh all-time high. Yields on 25-year bonds climbed to 5.31% and 5.66% respectively, the highest levels in over two decades, reflecting ongoing pressure from rising interest rates in the U.S. market. Technology stocks gained traction following Foxconn's strong earnings report, with expectations of increased global demand for AI infrastructure, as investors anticipate earnings releases from Constellation Brands and Lamp Westone Holdings scheduled for today.
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