Overview
- U.S. futures and major indexes staged a modest rebound Thursday after a three‑day slide as investors took comfort from strong tech news but stayed cautious about broader risks.
- Brent crude held above $95 a barrel following renewed U.S. strikes on Iran that President Donald Trump described as a “very heavy attack,” a development that keeps inflation expectations elevated.
- The 10‑year Treasury yield climbed toward the 4.79–4.818% range, which has increased borrowing costs and put downward pressure on valuation‑sensitive stocks, especially in tech.
- Earnings drove idiosyncratic moves in technology stocks with Dell lifting guidance on accelerating AI demand, Broadcom slipping after conservative revenue guidance, and Snowflake surging on a strong forecast.
- Investors are focused on weekly jobless claims and Friday's nonfarm payrolls because weaker jobs data could ease pressure on rates while stronger data would make Fed cuts less likely and extend market volatility.