Finance

Major US equity futures edged higher on Monday morning, attempting to rebound after the S&P 500 and Nasdaq recorded five consecutive weeks of declines. Despite the early uptick, investor sentiment remains fragile due to escalating geopolitical tensions and the looming possibility of the S&P 500 entering official correction territory.

The 10-year US Treasury yield eased to approximately 4.38% on March 30, falling from an eight-month high of 4.48% reached late last week. Market participants are increasingly shifting focus from inflation to potential risks to global economic growth, leading to a renewed demand for safe-haven assets.

Bitcoin struggled to maintain the $70,000 level on March 30 as rising interest rates and geopolitical noise dampened risk appetite. The broader digital asset market remains volatile, with Ethereum slipping toward the $2,100 range following a period of heavy derivatives liquidations.

Investors are closely monitoring this week's March nonfarm payrolls report for signs of economic health amidst high energy-driven inflation. With the Fed recently maintaining interest rates at 3.50%-3.75%, the new data will be critical in determining if any rate cuts remain feasible for the remainder of 2026.

Shares of Nvidia have faced technical weakness in late March, trading below S&P 500 valuation levels for the first time in over a decade. While the company recently unveiled a $1 trillion revenue opportunity at its GTC 2026 conference, the market appears increasingly conflicted regarding the long-term sustainability of high AI capital expenditures.