Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 25, 2026.
Brendan McDermid | Reuters
U.S. equity futures were little changed on Tuesday evening after the S&P 500 reached a fresh all-time intraday high and a record close in the trading session, driven by a tech stock rally.
Futures tied to the Dow Jones Industrial Average were up 0.07%, or 37 points. S&P 500 futures rose 0.09%, and Nasdaq-100 futures added 0.08%.
In trading on Tuesday, the S&P 500 gained 0.58%, marking its fourth positive session in a row and closing above a level of 7,800 for the first time ever. The Dow gained 0.49% and the Nasdaq Composite gained 0.45%.
Chipmakers were the big winners on Tuesday, with Marvell Technology gaining 5.8% on higher revenue guidance and Advanced Micro Devices climbing 2.8% after Citi hiked its price target, citing rising demand for central processing units.
In Asia, Japan’s Nikkei 225 was set to rise at open on Wednesday, with its Chicago and Osaka futures contracts last at 71,015 and 70,070 respectively, compared with the index’s previous close of 70,683.98. Futures for Hong Kong’s Hang Seng index stood at 24,272, marginally lower than its last close of 24,280.56.
Bond yields took a break on Tuesday from the steady march upward they began at the end of February, coinciding with the start of the U.S.-Israel war on Iran.
The 10-year Treasury yield last traded at 5.286% after reaching its highest level since April 2002 on Monday. The 30-year Treasury yield was last hovering at 5.661%, and the 2-year slipped to 4.798%.
Despite the reprieve, investors warned Tuesday about falling foreign demand for U.S. debt amid geopolitical pressures.
“The Chinese don’t want to continue to accumulate,” investor Ray Dalio told Bloomberg. “When you have a debtor-creditor relationship and you have an adversary relationship, that’s a very difficult dynamic.”
Energy prices were flat on Tuesday, offering further support to the equity rally. Both West Texas Intermediate crude oil and global benchmark Brent finished up less than 1% in daily trading.
Investors are awaiting the minutes of the Federal Reserve’s last meeting in September, at which the U.S. central bank raised interest rates for the first time since 2023. Minutes will be released on Wednesday and will shed light into how monetary policymakers are thinking about economic conditions.
About The Author
