Treasury yields and oil prices are both pulling back
Stock futures are sharply higher to start the week, as falling oil prices and Treasury yields give Wall Street a boost. The 10-year note is back below 5%, last seen at 4.957%, while West Texas Intermediate (WTI) and Brent crude are both down roughly 3%, even as U.S.-Iran tensions remain elevated.
Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are up more than 400 and 300 points, respectively, while S&P 500 Index (SPX) futures are firmly higher as well. Elsewhere, Bitcoin (BTC) is trading at its highest level since January.
Continue reading for more on today's market, including:
- 30 questions for 30 Dow stocks ahead of Q4.
- AI warnings, a rate hike, and more: A quick rundown of the market last week.
- Plus, ACN's billion-dollar partnership with Anthropic, and two disappointing forecasts.
5 Things You Need to Know Today
- The Cboe Option Exchange saw roughly 3.4 million call contracts and 2 million put contracts traded on Friday. The single-session equity put/call ratio rose to 0.58, while the 21-day moving average remained at 0.59.
- Accenture PLC (NYSE:ACN) is up 4.8% premarket, after the company said it was partnering with Anthropic to evaluate its AI models, with the companies investing $1 billion each into the partnership. Heading into today, ACN is down 32.4% year to date.
- Novo Nordisk A/S (NYSE:NVO) is down 4.5% before the bell, with investors seemingly unimpressed with the company's long-term growth strategy, which includes $23 billion in annual obesity sales by 2030. NVO is down 15% in 2026.
- HP Inc (NYSE:HPQ) is 4.9% lower in electronic trading, after the tech giant forecast a 2027 PC market slump amid uncertain demand. Year to date, HP is up 54.4%.
- A handful of economic data is due out this week, including PMI readings.
Asian Markets Rise Ahead of Trump-Xi Summit
Asian markets finished comfortably higher today, as investors look toward this week’s summit between U.S. President Donald Trump and Chinese President Xi Jinping, where AI and tariffs will be discussed. Hong Kong’s Hang Seng added 1.2%, China’s Shanghai Composite rose 1%, and South Korea’s Kospi paced the region with a 1.7% pop. Japanese markets were closed for holiday.
European stocks are looking to log an upbeat session as well, boosted by oil prices retreating and U.S.-Iran deal buzz. The tech and finance sectors are also giving sentiment a lift. At last glance, London’s FTSE 100 and Germany’s DAX are up 1.1%, while France’s CAC 40 sports a 1% gain.