Nasdaq 100 Futures Rise 0.6%, Poised to Snap Five-Day Losing Streak
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Nasdaq 100 futures rose 0.6% in pre-market trading, on track to end a five-session tech selloff; bitcoin rallied for a fifth straight day past $79,000, emerging as the session's standout mover.
What is driving the futures bounce?
As of 7:20 a.m. ET, Nasdaq 100 futures gained 0.6% and S&P 500 futures added 0.4%.
The prior week saw the U.S. 10-year Treasury yield climb to its highest since 2007, weighing on tech valuations.
This means → the bounce comes with long-end rates still elevated — a pause in pressure, not a reversal.
Why is bitcoin surging?
Bitcoin rose for a fifth consecutive day, jumping as much as 9.4% pre-market to top $79,000.
Bernstein analysts attributed the rally to the U.S. Treasury's announcement this week that it will expand long-dated bond buybacks.
In plain terms = Treasury buybacks inject liquidity into the market; bitcoin has historically been one of the most sensitive assets to "more money in the system."
Crypto-linked stocks followed higher — Strategy Inc. gained nearly 10% pre-market.
Which single-stock moves stand out?
Discount retailer Ross Stores surged 8.0% pre-market after raising its full-year earnings forecast.
Ross said growth came from both new customers and higher visit frequency among existing shoppers — a sharp contrast to Walmart's weakest comparable-sales growth in years.
This reflects a consumer shift from mass retail toward discount channels — the "save money" theme remains the strongest force in retail.
What does Broadcom's AI financing deal signal?
Bloomberg reported that Broadcom is in talks to raise over $60 billion in debt for an AI-chip financing deal benefiting companies including Anthropic.
Broadcom edged up about 1% pre-market — a muted reaction.
This means → AI infrastructure funding has entered the "single-deal, tens-of-billions" phase; semiconductor firms are shifting from selling chips to financing the entire AI supply chain.
Can the rally hold?
The U.S. 10-year yield held roughly flat at 4.70%; Brent crude inched higher to about $94/barrel.
This means → rates are not pushing higher for now, giving tech stocks breathing room.
The key variable has not changed: if the 10-year yield resumes its climb, valuation pressure on tech will return — the ceiling for this bounce is set by the bond market.
Content is for reference only, not financial advice.