Wall Street Awaits Key Earnings Amid Market Volatility
U.S. stock indexes are set for a higher open following a recovery in semiconductor stocks and cooling bond market. Oil prices declined as the U.S. proposed a waiver on Iranian sanctions. Nvidia leads gains in semiconductor stocks, while traders anticipate key earnings and potential Federal Reserve interest rate hikes.
U.S. stock indexes were poised for a buoyant open on Monday as semiconductor stocks rebounded. Meanwhile, a previous bond market selloff seemed to temper.
The benchmark 10-year Treasury yield dipped to 4.573% after reaching a high since February 2025. Reports of a U.S. temporary waiver on Iranian oil sanctions helped ease concerns over supply disruptions, causing oil prices to decline.
Nvidia, leading semiconductor gains, saw shares rise 2.1% in premarket trading. Despite inflationary concerns, investor excitement around artificial intelligence has been a catalyst for market highs, prompting traders to speculate on a possible U.S. Federal Reserve interest rate hike in January.
(With inputs from agencies.)
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