US Futures Rebound Sharply
2026-03-31 11:41
By
Andre Joaquim
1 min. read
US equity futures were sharply higher on Tuesday after dropping to seven-month lows in the previous session amid more support from lower benchmark credit costs.
Contracts for the three main averages gained over 1%.
Treasuries extended their respite across the curve to reflect higher caution over growth concerns stemming from the surge in energy prices.
The resulting pullback in yields aided equities from all sectors despite the continued increase in oil and product prices.
President Trump noted that the US is closer to striking a deal with Iran, but markets held their skepticism over restored tanker flows through the Persian Gulf.
Chip stocks were sharply higher pre-market after leading the selloff this week, sustaining pressure since new research drove bets that compute-efficient AI models dent additional demand for processors and data-center capacity.
Nvidia, Meta, and Microsoft were 1.5% higher pre-market.
Also, Eli Lilly gained over 1% after acquiring Centessa for $7.8 billion.