Nasdaq Futures declined slightly in anticipation of the postponed third-quarter GDP figures on Tuesday, as major equity indexes aim for a fourth consecutive day of increases. Futures linked to the Nasdaq 100, S&P 500, and Dow Jones Industrial Average exhibited a decline of approximately 0.1%. Yesterday, the benchmark S&P 500, tech-heavy Nasdaq, and blue-chip Dow Jones Industrial Average concluded the trading session with respective gains of 0.6%, 0.5%, and 0.5%, with the S&P 500 falling short by 0.2% of its all-time closing high. The indexes recorded their third consecutive session of gains, as technology shares maintained their upward trajectory following a robust conclusion to the previous week.

Shares of Micron Technology, Oracle, and Nvidia finished up a respective 4%, 3.2%, and 1.5% to begin the holiday-shortened week. The three stocks experienced a decline in premarket trading on Tuesday. The long-delayed GDP report is anticipated to reveal that the economy expanded at an annualized rate of 3.2% in the third quarter, based on the median forecast from economists. This would indicate a deceleration from the 3.8% growth observed in the second quarter, yet it would surpass the average growth rate of 2.6% recorded since the third quarter of 2021.

Prior to the Q3 GDP reading, the 10-year Treasury yield, a key determinant of interest rates across various commercial and consumer loans, decreased to 4.15% from Monday’s closing figure of over 4.16%. Alongside the July-September data concerning the U.S. economy, Tuesday will present the report on durable goods orders for October, which was initially slated for a November release. Additionally, there will be a consumer confidence reading and the Federal Reserve’s data on industrial production and capacity utilization for both October and November.

Gold futures achieved a new all-time high for the second consecutive day, hitting $4,530 an ounce early Tuesday and recently reflecting an increase of 1.1% to $4,515. Silver futures achieved a new record high for the second consecutive session, reaching $70.15 per ounce and recently trading up 1.6% at approximately $69.65. Bitcoin was trading at approximately 87,600, a decline from an overnight peak of roughly 88,900. The U.S. dollar index, which measures the value of the greenback relative to a selection of foreign currencies, declined by 0.4% to 97.88. West Texas Intermediate futures, the U.S. crude oil benchmark, increased slightly to $58.10 a barrel. Meanwhile, Tesla shares rose modestly before the bell after hitting a new record high of nearly $500 each yesterday; those of Huntington Ingalls Industries gained 4.5% following a 5% advance Monday after the Navy said it will commission a new warship to be built by the U.S. shipmaker; and U.S.-listed shares of Danish drugmaker Novo Nordisk surged about 8% after the U.S. Food and Drug Administration approved its Wegovy weight-loss pill.