Treasury yields have stabilized after Scott Bessent's intervention pushed them down from multiyear highs, though questions remain on whether the move can keep a lid on borrowing costs in the long run.

Meanwhile, oil prices continue to tick higher: Brent crude futures are at around $93 a barrel after President Trump vowed to inflict maximum economic pain on Iran, without specifying how this would be done.

Stock futures are struggling for direction ahead of earnings from Alibaba, Walmart and Deere this morning.