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AI Stocks Drive Wall Street Futures Up Amidst Oil Price and Bond Market Concerns
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Moneycontrol•01-10-2026, 17:44
AI Stocks Drive Wall Street Futures Up Amidst Oil Price and Bond Market Concerns
- •Wall Street futures rose on Thursday, buoyed by strong performance in artificial intelligence stocks, despite volatility in bond markets and a rebound in oil prices.
- •S&P 500 futures gained 0.4 percent, with chipmakers like Micron Technology Inc. providing support after an upbeat forecast.
- •Global bond yields saw significant swings, with the 10-year US Treasuries yield hitting its highest since 2002 and the 30-year UK government bond yield briefly crossing 6 percent.
- •Brent crude approached USD 100 a barrel as traders weighed increased Middle East flows against potential escalation risks.
- •Alphabet Inc. rose over 2 percent after rolling out its latest AI model, while Tencent Holdings Ltd. signed a USD 7 billion lease deal with Oracle Corp., highlighting the scale of AI buildout.
Key Questions Answered
Sensex and Nifty ended lower for the fourth straight day on Thursday due to foreign fund outflows, high bond yields, and rising crude oil prices, with the Sensex dropping 570.59 points to settle at 71,909.70 and the Nifty tumbling 198.50 points to end at 22,421.95.
Wall Street futures rose as strength in artificial intelligence stocks and chipmakers, supported by an upbeat forecast from Micron Technology Inc., helped offset concerns over bond market volatility and rising oil prices.
Tencent Holdings Ltd signed an estimated USD 7 billion lease deal with cloud provider Oracle Corp, marking another sign of the massive scale of the AI buildout.
