Nasdaq 100 futures rose as Treasury yields retreated, while investors shifted their focus toward Nvidia’s highly anticipated quarterly earnings report and ongoing geopolitical tensions in the Middle East.

Key Points

• Nasdaq 100 E-Mini futures climbed 0.69% as the 10-year Treasury yield fell three basis points to 4.64%.
• Nvidia is expected to report record quarterly revenue and provide strong guidance driven by demand for Blackwell Ultra and Rubin GPUs.
• WTI crude prices dropped over 1% following reports of supertankers transiting the Strait of Hormuz amid U.S.-Iran military tensions.
• Major retailers including Target, Lowe’s, and TJX Companies are scheduled to release quarterly financial results today.
• Asian markets closed lower, with Japan’s Nikkei 225 hitting a three-week low as investors took profits on recent AI-related stock gains.

Why it Matters

Market sentiment remains highly sensitive to the intersection of corporate AI performance and geopolitical instability in the Middle East. Investors are looking for clarity on whether high-growth tech valuations can be sustained through strong earnings, even as broader economic concerns regarding inflation and interest rate policy persist.