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U.S. stock futures pointed higher on Wednesday, putting major indexes on course to break a three-day losing streak, as falling oil prices and easing bond yields lifted investor sentiment ahead of Nvidia $NVDA -0.77%'s first-quarter earnings report.
Premarket trading showed Nasdaq $NDAQ -0.67%-100 contracts up 0.6%, S&P 500 contracts gaining 0.3%, and Dow futures adding 119 points, equivalent to a 0.2% advance. The S&P 500 had fallen 2% across the prior three sessions after hitting a record on Thursday.
Among commodities, Brent crude slipped about 2% to the vicinity of $109 a barrel, while West Texas Intermediate hovered just above $102, down roughly 1%. The catalyst for the crude selloff was Trump's remarks that the Iran conflict might conclude "very quickly," which stoked optimism about the Strait of Hormuz reopening to traffic; The Wall Street Journal reported that three tankers made overnight transits of the waterway.
The pullback in crude helped ease inflation fears that have weighed on bond markets. The 10-year U.S. Treasury yield fell about 3 basis points on Wednesday morning after touching its highest level since January 2025 on Tuesday. Tuesday had seen the 30-year Treasury yield touch 5.19%, a level not reached in close to two decades, before Wednesday brought some relief.
