According to CNBC, U.S. stock futures were little changed Monday evening after the Nasdaq Composite climbed to a fresh record close. S&P 500 futures rose 0.1%, Dow futures added 51 points, or 0.1%, and Nasdaq-100 futures gained 0.2%. During the regular session, the Nasdaq Composite advanced about 1% to an all-time high, while the Dow Jones Industrial Average rose about 90 points, or 0.2%, and the S&P 500 added 0.7%. Shares tied to the artificial intelligence trade moved higher, with SpaceX jumping more than 7%, Nvidia and Tesla rising over 2% each, and Meta Platforms and Microsoft gaining more than 1%. Brent crude fell 1.9% to $100.32 a barrel and West Texas Intermediate dropped about 1.8% to $89.43 a barrel. The 10-year Treasury yield briefly topped 5.3%, its highest level since 2002, while the 30-year yield at one point moved above 5.7%, a 24-year high. Morgan Stanley Wealth Management investment chief Lisa Shalett said bond markets have been volatile over the past six weeks and cited a potentially new Fed policy framework, economic growth, and high oil prices as factors. Traders are also watching the Federal Reserve's minutes from its September meeting, due Wednesday.
