Nasdaq Futures Pare Gains as Treasury Yields Climb

On Friday, Treasury yields surged across the curve, erasing earlier gains in Nasdaq 100 E-Mini futures (NQU26). The 10-year T-note yield rose 4.4 basis points to 4.98%. Tech giants Nvidia, OpenAI, and Oracle's $745B financing circle experienced stress testing as a Fed rate hike and market moves occurred. Meanwhile, WTI crude oil prices reversed a decline and climbed back.

Investors anticipate the Federal Reserve's industrial production report and Fed officials' comments. Market participants also await economic data releases, including U.S. industrial production, manufacturing production, and the Conference Board Leading Economic Index for the U.S. Wall Street braces for triple-witching, where derivatives contracts linked to equities, index options, and futures expire.