How S&P 500, Dow, Nasdaq Futures Are Moving Amid Rising Bond Yields, Trump

Key Points:

• President Donald Trump hosted Chinese President Xi Jinping at a White House state dinner attended by major U.S. tech CEOs including Nvidia’s Jensen Huang, OpenAI’s Sam Altman, Google’s Sundar Pichai, and Meta’s Mark Zuckerberg, focusing on AI development and U.S.-China relations.
• Xi Jinping expressed support for a U.S.-Iran deal based on a memorandum of understanding signed in June, while Iranian President Masoud Pezeshkian stated the U.S. must decide when the conflict with Iran will end.
• U.S. stock futures showed mixed results following the summit, with the Dow Jones on track for its fourth consecutive weekly decline, while the S&P 500 and Nasdaq Composite were poised to finish the week higher.
• U.S. long-term Treasury yields rose significantly, with the 10-year yield reaching its highest level since 2007, prompting a $4.078 billion Treasury bond buyback to support market liquidity amid economic uncertainty.
• Oil prices remained above $100 per barrel, raising inflation concerns, while key market watchers anticipate upcoming consumer sentiment and durable goods reports to influence future market trends.