Stock futures ticked higher Tuesday, a day after the three major equities indexes ended their runs of five consecutive winning sessions.
Futures associated with the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average, pointed up a respective 0.4%, 0.3%, and 0.1%. Yesterday, the indexes closed lower as the final trading month of the year began, with shares of big tech and cryptocurrency-tied firms falling amid risk-off sentiment.
Bitcoin was trading around $87,500, up from its overnight low of below $85,500. Yesterday, the largest cryptocurrency suffered its worst day since March, tumbling from around $91,000 and weighing on crypto-tied stocks Strategy (MSTR), MARA Holdings (MARA), Coinbase Global (COIN), Riot Platforms (RIOT), and Robinhood Markets (HOOD). They all pointed 1% to 3% higher before the bell.
The yield on the 10-year Treasury note rose to 4.11% after surging yesterday to 4.09% from Friday’s close of 4.01%. The U.S. dollar index, which tracks the performance of the dollar against a basket of foreign currencies, edged higher to 99.46.
WTI crude futures, the U.S. oil benchmark, ticked 0.3% lower to $59.15 per barrel, and gold futures fell nearly 1% to $4,235 per ounce.
Nvidia (NVDA) shares, which advanced 1.7% Monday after it announced an expanded partnership with and $2 billion investment in Synopsys (SNPS), rose almost 1% further before the bell. Shares of all the other Magnificent Seven large-cap technology firms pointed higher with the exception of Apple (AAPL), whose shares were fractionally lower.
Shares of MongoDB (MDB) and Credo Technology Group Holding (CRDO) were up 23% and 17%, respectively, in premarket trading after each posted quarterly results that easily topped analysts’ estimates. CrowdStrike Holdings (CRWD) and Marvell Technology (MRVL) were up a respective 1% and 2% ahead of their respective quarterly results after the closing bell.
Elsewhere, Costco Wholesale (COST) stock was little changed after the retailer sued the Trump administration over its tariffs; shares of Moderna (MRNA) and Shopify (SHOP) rebounded modestly after they led S&P 500 and Nasdaq decliners, respectively, on Monday; and Bayer surged nearly 12% in Frankfurt trading after U.S. Solicitor General John Sauer supported the German agricultural company’s push for the Supreme Court to review its Roundup weedkiller case.
