31.03.202611:41:21UTC+00US Futures Rebound Sharply

US equity futures climbed sharply on Tuesday, rebounding from seven-month lows in the prior session as investors responded to further relief from lower benchmark borrowing costs. Futures on all three major indices advanced more than 1%.

Treasuries extended their rally across the curve, signaling heightened caution about growth prospects amid a surge in energy prices. The resulting retreat in yields supported gains across equity sectors, even as oil and refined product prices continued to rise.

President Trump said the US was closer to reaching a deal with Iran, but markets remained skeptical that any agreement would quickly normalize tanker traffic through the Persian Gulf.

Chipmakers, which had led this week’s selloff, traded sharply higher in pre-market action. The group has been under sustained pressure following new research suggesting that more compute-efficient AI models could curb incremental demand for processors and data-center capacity. Nvidia, Meta, and Microsoft were each up about 1.5% before the opening bell.

Elsewhere, Eli Lilly gained more than 1% after announcing a $7.8 billion acquisition of Centessa.