Traders work at the New York Stock Exchange (NYSE) in New York City, USA, September 25, 2026. Brendan McDermid | ReutersUSA Stock futures were little changed early Wednesday after the S&P 500 hit a new all-time intraday high and a record close in the trading session, boosted by a rally in technology stocks. Futures linked to the Dow Jones Industrial Average fell 0.08%, or 44 points. S&P 500 futures rose 0.06% and Nasdaq-100 futures were flat. In trading on Tuesday, the S&P 500 gained 0.58%, marking its fourth consecutive positive session and closing above the 7,800 level for the first time in history. The Dow Jones gained 0.49% and the Nasdaq Composite gained 0.45%. Chipmakers were the big winners on Tuesday, with Marvell Technology gaining 5.8% on higher revenue guidance and Advanced Micro Devices rising 2.8% after Citi raised its price target, citing growing demand for central processing units. In Asia, Japan’s Nikkei 225 closed down 0.92% while the broader Topix fell 0.7%. South Korea’s Kospi fell almost 2%, while the small-cap Kosdaq lost 2.34%. The Australian benchmark S&P/ASX 200 index closed flat. The mainland Chinese market remained closed for the Golden Week holiday. Bond yields took a break Tuesday from the steady march higher that began in late February, coinciding with the start of the US-Israel war against Iran. The 10-year Treasury yield last traded at 5.286% after hitting its highest level since April 2002 on Monday. The 30-year Treasury yield was last around 5.661%, and the 2-year fell to 4.798%. Despite the respite, investors on Tuesday warned of falling foreign demand for U.S. debt amid geopolitical pressures. “The Chinese don’t want to keep accumulating,” investor Ray Dalio told Bloomberg. “When you have a debtor-creditor relationship and you have an adversarial relationship, that’s a very difficult dynamic.” Energy prices were steady on Tuesday, offering further support to the rally in stocks. Both West Texas Intermediate crude oil and the global benchmark Brent ended up less than 1% in daily trading. Investors are awaiting minutes from the Federal Reserve’s last meeting in September, in which the U.S. central bank raised interest rates for the first time since 2023. The minutes will be released Wednesday and will shed light on how policymakers think about economic conditions.
