10.03.202611:06:54UTC+00US Futures Extend Gains

US equity futures edged higher on Tuesday, extending the prior session’s rebound as a pullback in energy prices helped ease stagflation worries in the US economy. Futures tied to the three major indices traded modestly above the flatline. Crude oil benchmarks fell for the first time this month after President Trump said the war in Iran may be nearing an end, a shift from earlier administration statements and a sign that officials are wary of the economic impact of elevated oil prices.

Rate- and credit-sensitive sectors in US equity markets gained support from declining Treasury yields amid reduced inflation concerns, with major banks seeing some relief after grappling with higher funding costs and exposure to recent stress in private credit loans. Meanwhile, semiconductor stocks held onto yesterday’s strong gains after TSMC reported a 30% year-on-year surge in sales for the first two months of the year.