Stocks rise as oil and yields ease to start week: Live updates
US stock futures and Wall Street opened higher on Tuesday as oil prices and bond yields retreated for a fifth consecutive day. Market gains follow successful preliminary talks with China reported by Bessent and anticipation for an upcoming meeting between Donald Trump and Xi Jinping. While AI stocks advanced in the US, the Australian share market also ended its day higher despite warnings from RBA Governor Michele Bullock that AI data center construction is contributing to high inflation. In India, the Sensex fell 330 points while the Nifty closed at 23,329.
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- ✓ Wall Street opened higher as oil prices and bond yields declined for five straight days.
- ✓ US stock futures for the Dow, S&P 500, and Nasdaq rose.
- ✓ The Australian share market ended its day higher.
What changed
Bessent reported successful talks with China and oil prices fell to $98.9.
Live updates
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Wall Street rises as oil and yields decline ahead of Trump-Xi summit
US stock futures and Wall Street opened higher on Tuesday as oil prices and bond yields retreated for a fifth consecutive day. Market gains follow successful preliminary talks with China reported by Bessent and anticipation for an upcoming meeting between Donald Trump and Xi Jinping. While AI stocks advanced in the US, the Australian share market also ended its day higher despite warnings from RBA Governor Michele Bullock that AI data center construction is contributing to high inflation. In India, the Sensex fell 330 points while the Nifty closed at 23,329.
Why it matters
The Dow recently experienced three consecutive losing weeks, making this recovery a shift in short-term momentum. Investors are weighing the inflationary impact of AI infrastructure against the potential for diplomatic breakthroughs in US-China relations. Global energy prices are currently sliding amid hopes for US-Iran negotiations.
What is confirmed
- Wall Street opened higher as oil prices and bond yields declined for five straight days.
- US stock futures for the Dow, S&P 500, and Nasdaq rose.
- Oil prices are sliding.
- The Australian share market ended its day higher.
Still unconfirmed
- RBA Governor Michele Bullock said AI data centres are adding to the high inflation problem.
What to watch next
- Outcomes of the Trump-Xi summit
- Results of potential US-Iran talks
- Further movements in bond yields
confidence 90%Sources used for this update (8)
- CNBC — Stock futures rise slightly after Dow posts third straight losing week: Live updates
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures rise as oil falls, anticipation builds for Trump-Xi summit
- AP News — Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting
- Bloomberg.com — US Stock Futures Climb Ahead of Trump-Xi Meeting as Oil Slips
- Reuters — Wall St opens higher as AI stocks advance, oil slides
- www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Sensex falls 330 pts, Nifty closes at 23,329; oil slips to $98.9 ahead of potential US-Iran talks
- abcnews.com — Wall Street inches higher as oil prices, bond yields retreat for fifth consecutive day
- www.abc.net.au — ASX rises, RBA governor says AI data centres are 'adding' to high inflation problem — as it happened
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