Global equities rose 0.5% on Tuesday as tech stocks rebounded, while U.S. Treasury yields hovered above $90 amid cautious sentiment.
Global stocks climbed on Tuesday, with the STOXX 600 gaining 0.5%, driven by a rebound in tech shares including ASML and Infineon. U.S. stock futures rose 0.4% to 0.6%, led by gains in Nvidia, Eli Lilly, and Goldman Sachs.
The rally followed OpenAI’s confidential U.S. IPO filing and anticipation of SpaceX’s market debut, though analysts warned of valuation risks. Apple’s AI-driven Siri update failed to boost its shares, while Oracle’s upcoming earnings report looms as a key test for the sector.
Investors remained cautious over rising borrowing costs, with U.S. 10-year Treasury yields holding above $90. Oil prices fell after Israel and Iran agreed to a temporary halt in attacks.