US stock futures were relatively stable during trading today, following a decline in the previous session, amid a limited improvement in investor sentiment as they continued to monitor geopolitical developments between the United States and Iran in the Strait of Hormuz region.
This improvement was supported by a rebound in technology stocks, with S&P 500 futures rising by about 0.3%, while Nasdaq futures posted stronger gains of 0.6%, reflecting a partial return of confidence in growth stocks after recent pressures.
Despite this positive performance, markets remain cautiously optimistic due to ongoing uncertainty surrounding the Strait of Hormuz, where conflicting statements from Washington and Tehran regarding control of this vital waterway persist. Shipping data indicates a significant decline in the number of transiting vessels, falling to fewer than ten per day, reflecting continued disruptions to global trade and energy flows.
In fixed-income markets, US bond yields continued to rise, with the yield on 10-year Treasury bonds reaching around 4.42%, while the yield on 30-year bonds approached the 5% level, increasing pressure on risk appetite and limiting stock gains.
This scenario reflects a delicate balance in the markets between attempts at technical recovery on the one hand, and the persistence of geopolitical risks and rising financing costs on the other, making market movements at the present stage contingent on any new political or economic developments.
Global.
