Wall Street futures rebound as Treasury yields steady and tech stocks rise on mixed geopolitical signals

U.S. stock futures rebounded on Friday as Treasury yields stabilized and investors parsed mixed signals on geopolitical tensions and corporate deals. As of 8:15 a.m. ET, S&P 500 futures rose 0.4%, while Nasdaq 100 contracts gained 0.6%. Bitcoin surged toward $80,000, positioning itself for its best weekly performance in over three years before pulling back slightly .
The early market move followed a headline from Iran’s ISNA news agency in which President Masoud Pezeshkian stated, *“Better to end war today with dignity.”* While traders initially interpreted the remark as a potential de-escalation, reports noted Pezeshkian has repeatedly advocated for diplomatic resolutions in the past . The 10-year Treasury yield hovered near 4.70%, down 1-2 basis points across the curve, while the Bloomberg Dollar Spot Index fell 0.3% to a three-month low .
Tech stocks led premarket gains, with all Magnificent Seven components trading higher: Tesla climbed 1.3%, Meta 0.7%, Alphabet 0.7%, Amazon 0.6%, Nvidia 0.5%, Apple 0.1%, and Microsoft 0.1% . Broadcom was in talks with lenders to secure up to $100 billion in off-balance-sheet financing through a special purpose vehicle, a deal that would benefit Anthropic and other firms . Cryptocurrency-linked stocks rallied, with MicroStrategy up 8% and Coinbase rising 5% as Bitcoin advanced .
Gold prices rose 1.6%, extending gains for a third consecutive week, while oil remained flat. The U.S. economic calendar included the Bloomberg U.S. economic survey for August and S&P Global’s manufacturing, services, and composite PMIs. No Federal Reserve speakers were scheduled for the session .
In corporate news, JBS NV proposed a $1.2 billion stock deal to acquire the remaining shares of Pilgrim’s Pride Corp., in which it already holds an 82% stake. Pilgrim’s Pride shares jumped as much as 8.8% in after-hours trading on Thursday. JBS cited a simplified structure and cost savings as motivations for the offer .
The 30-year U.S. Treasury yield slipped below 5.25% after briefly surpassing 5% earlier in the week, a milestone some analysts framed as the end of the ultra-low interest rate era .
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