Nasdaq futures saw a modest uptick on Tuesday, after a day when a rally in technology stocks drove the Nasdaq Composite to a record-high close, alongside a slight decrease in Treasury yields and oil prices. Futures for the Dow Jones Industrial Average, Nasdaq 100, and S&P 500 experienced increases of 0.3%, 0.1%, and 0.1%, respectively, in the most recent trading session. Yesterday, the tech-focused Nasdaq Composite, benchmark S&P 500, and blue-chip Dow Jones Industrial Average recorded gains of 2.3%, 1.5%, and 0.7%, respectively. Notably, the Nasdaq surpassed its previous record close set on June 2, while the S&P 500 finished the day merely 0.4% below its record close from August 13.

Shares of chipmakers and other AI-related companies saw notable increases on Monday, underscored by a striking 11% rise in Meta Platforms after its new AI agent, Muse, reached the top spot in Apple’s App Store. Shares of the Magnificent Seven mega-cap tech stock saw a modest decline ahead of the market opening, while the Roundhill Magnificent Seven ETF noted a slight increase after a 3.5% rise the day before. Roundhill’s Memory ETF and the broader iShares Semiconductor ETF saw a decrease of less than 1% each, after having recorded significant gains of 3.5% and 5% the day before. Advanced Micro Devices, whose shares surged 10% to reach an all-time high, elevating its market capitalisation beyond $1 trillion on Monday, experienced a decline of 1% thereafter. Arm Holdings and Intel experienced minimal fluctuations a day following their respective increases of 17% and 12%.

On Thursday, President Donald Trump is expected to engage in discussions concerning AI during his meeting with Chinese leader Xi Jinping in Washington. The 10-year Treasury yield, a crucial benchmark for numerous interest rates including mortgages, corporate bonds, and other loans, saw a modest retreat on Tuesday following a decrease in oil prices. The yield was above 4.93% in recent trading, indicating a decline of two basis points from Monday’s close. Oil prices reversed earlier gains and fell amid optimism regarding a diplomatic resolution to the U.S.-Iran conflict, as the president of the Middle Eastern nation is anticipated to travel to the United Nations in New York today.

U.S. benchmark West Texas Intermediate prices have recently experienced a decline of 2.2%, settling at $93.70 a barrel, whereas Brent crude futures, representing the international benchmark, decreased by 1.5% to $98.85. Bitcoin experienced a modest decline to approximately $86,000 following its peak, which marked the highest level since January, recorded yesterday. Crypto-tied stocks Robinhood Markets, Coinbase Global, Strategy, and Circle Internet Group saw a decrease of 1% to 2% after a notable increase the day before. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, fell to 100.37. Gold futures declined by 0.4% to $4,365 per ounce.