U.S. stock index futures rose on Wednesday, with Apple and other high-growth stocks gaining as a recent rally in Treasury yields paused, while investors took comfort from upbeat earnings reports.
The S&P 500 and the Nasdaq reversed early losses and ended sharply higher on Tuesday, lifted by Apple Inc and Microsoft Corp and banking stocks that were boosted by a jump in Treasury yields ahead of a key inflation reading this week.
Global stock markets were on a firm footing on Wednesday, with the benchmark 10-year U.S. Treasury yield slipping from multi-year highs hit in the previous session.
Megacap names such as Meta Platforms, Google-owner Alphabet Inc, Amazon.com Inc Tesla Inc Apple and Microsoft were up between 0.8% and 1.6% in premarket trading.
Investors are awaiting consumer prices data on Thursday for clues on the Federal Reserve’s plans to hike interest rates… Inflation is forecast at a four-decade high of 7.3%.
MacDailyNews Take: Even after the wild ride at the start of the year, Apple shares in pre-market trading are just four bucks short of its all-time high of $182.94.
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