Stock index futures rose Thursday following Micron's earnings beat and Google's new AI model release. Wednesday's market showed mixed results as the Nasdaq gained while other indexes declined amid rising Treasury yields and crude oil prices.
Stock markets showed mixed performance as Treasury yields rose sharply in early October trading. The Dow gained while tech stocks struggled, with Micron falling on earnings and Accenture surging after beating expectations.
Elon Musk reduced SpaceX's projected Starship launch schedule for next year during a White House event, continuing a pattern of scaling back earlier optimistic forecasts. The announcement came as SpaceX stock gained following the successful Starship Flight 14 mission.
The Dow Jones underperformed other major indexes Wednesday as cooler-than-expected inflation data provided some market lift. Micron Technology rallied after strong earnings, while Liquidia fell sharply due to a patent dispute.
Stock market futures rose modestly overnight ahead of inflation data and Micron earnings. Treasury yields increased while crude oil prices retreated, with the Nasdaq near highs despite slight market pullback.
The Dow Jones Industrial Average declined 0.2% as oil prices and Treasury yields fell, with chip stocks and defense plays gaining while energy stocks declined. Nvidia hit a buy point and Boeing rebounded with a 3% gain.
Nvidia announced a $150 billion increase to its share buyback program, bringing the total authorized repurchase to $235 billion, signaling management's belief that the stock is undervalued.
Stock market futures declined ahead of Tuesday's open following President Trump's rejection of Iran's proposal to reopen the Strait of Hormuz, which caused the Dow Jones to drop 347 points on Monday. Oil prices became volatile and Treasury yields rose sharply amid the geopolitical tension.
U.S. stock markets declined as Treasury yields surged, with the Nasdaq sliding amid rising borrowing costs and geopolitical tensions in the Middle East. Deteriorating market breadth signals caution heading into the final quarter of 2026, as investors navigate multiple headwinds.