Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
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U.S. stock futures posted modest gains Thursday evening, rebounding slightly after Wall Street’s sharp decline earlier in the day. By 19:29 ET (00:29 GMT), S&P 500 Futures rose 0.3% to 6,765.0, Nasdaq 100 Futures gained 0.3% to 25,318.75, while Dow Jones Futures slipped 0.2% to 47,129.0 points.
The recovery followed another volatile session driven by intensified selling in artificial intelligence and semiconductor stocks, with growing fears that high valuations in the tech sector may have overshot fundamentals. The NASDAQ Composite tumbled 1.9%, the S&P 500 dropped 1.4%, and the Dow Jones Industrial Average lost 0.8% as investors reacted to warnings from top Wall Street executives at Goldman Sachs and Morgan Stanley about overheated equity markets.
Concerns were further compounded by the ongoing U.S. government shutdown, now stretching into its second month, delaying crucial economic data such as inflation and jobs reports. This lack of data has complicated the Federal Reserve’s decision-making process regarding potential interest rate cuts. Meanwhile, private data from Challenger, Gray & Christmas showed a staggering 183% increase in corporate layoffs in October—the steepest monthly rise in decades—adding to recessionary concerns.
In corporate developments, Tesla Inc. (NASDAQ: TSLA) shareholders approved CEO Elon Musk’s record-breaking $1 trillion compensation package, contingent on achieving ambitious goals like an $8.5 trillion market valuation and mass deployment of robotaxis and humanoid robots. The approval reflects investor confidence despite recent volatility in tech shares.
Elsewhere, Airbnb Inc. (NASDAQ: ABNB) surged 5% in after-hours trading following strong quarterly earnings and upbeat guidance. Affirm Holdings (NASDAQ: AFRM) also jumped over 12% after reporting robust results that exceeded Wall Street forecasts.
The cautious optimism in futures trading suggests investors remain watchful of macroeconomic uncertainty, market valuations, and the broader impact of AI-driven growth.
