US stock futures edge higher after Monday losses as AMD agrees $8.2 billion deal

  • US stock futures edged higher Tuesday after major averages declined Monday.
  • 10-year Treasury yields moved above 5.2%, while 30-year yields reached 5.55%.
  • AMD agreed to acquire World Labs in an $8.2 billion deal.

US stock futures edged higher Tuesday after the Dow Jones, S&P 500 and Nasdaq Composite declined in the previous session as Treasury yields rose. The Dow fell 0.67%, the S&P 500 dropped 0.77% and the Nasdaq Composite declined 0.92% on Monday. The 10-year Treasury yield moved above 5.2%, while the 30-year yield reached 5.55%, as investors assessed whether persistent inflation could lead the Federal Reserve to tighten monetary policy further. Markets also tracked geopolitical developments and uncertainty surrounding US-Iran negotiations, although Saudi Arabia restored oil flows through a key pipeline. Investors awaited consumer confidence, job openings and labor turnover data for additional signals on the US economy. Separately, AMD agreed to acquire World Labs in a deal valued at $8.2 billion.

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