Finance

Government bond yields rose worldwide as investors react to high fiscal spending, rising oil costs, and a massive debt issuance required to back artificial intelligence expansion. In the U.S., the 30-year Treasury yield surged to a peak not seen since June 2007. The widening selloff is applying significant pressure on equity markets by escalating borrowing costs globally.

Home Depot reported a 5.7% increase in second-quarter fiscal 2026 revenue, reaching $47.9 billion, while net earnings rose to $4.8 billion. The company also chose to reaffirm its prior full-year guidance targets. This earnings beat provided a buffer for the Dow Jones Industrial Average, keeping its futures relatively flat despite broader market losses.

Tech shares suffered a setback on Tuesday, with the iShares Semiconductor ETF declining by several percentage points. Declines across major component companies like Intel, Advanced Micro Devices, Micron Technology, and Marvell Technology pulled the broader market lower. This sharp drop in semiconductor names led the Nasdaq futures down ahead of the opening bell.