Fervent Wealth Management

Stocks Open Higher on Tech Enthusiasm, Falling Crude Prices

At the Open: S&P 500 futures traded in positive territory ahead of Wednesday’s opening bell, aiming to extend gains into a fifth consecutive session. Market developments were relatively light overnight, with investor focus generally centered on artificial intelligence (AI) tailwinds after Korean chipmaker SK Hynix breached the $1 trillion market cap level. Attention also lingered around energy prices and geopolitical developments in the Mideast as crude price action continues to fit with peace deal expectations, while also extending a reprieve for rates. The 10-year Treasury yield fell to 4.46%, while gold and the U.S. dollar weakened.



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