Treasury yields continue to rise after a press conference by Fed Chair Kevin Warsh yesterday sowed doubt among investors about his willingness to deliver rate hikes to curb inflation. Yields on 30‑year notes remain at 19‑year highs, reflecting heightened expectations that the Fed may pause or slow.

Meanwhile, oil prices tick higher after the U.S. conducted retaliatory strikes against Iran, a reminder that war risks stoke inflationary pressures. Following a broad stock‑market selloff on Wall Street yesterday, stock futures edge higher as traders absorb the shock and look for stability.

Investors are digesting earnings results from Meta and Microsoft, which sent very different signals on how they're monetizing massive AI outlays last night. Results from Amazon and Apple this afternoon will offer further insights into hyperscalers' AI investment strategies and their impact on the broader tech sector.