Dow Jones Today: Stock Futures Inch Higher as Market Aims To Extend Rally; Nasdaq Riding 5-Day Winning Streak

Stock futures are pointing to a slightly higher open for major indexes on Wednesday as the market looks to add to big recent gains.

Futures tied to the S&P 500 and the Nasdaq were recently each up 0.2%, while Dow Jones Industrial Average futures rose 0.1%. Stocks have had a strong start to the week as investors welcomed news that the U.S. and China slashed the massive tariffs they had imposed on one another, and following a report showing that the annual rate of inflation hit a four-year low in April.

The S&P 500 yesterday climbed back into positive territory for 2025, the first time that’s happened since early March. The Dow is down just 1% since the start of the year, while the tech-heavy Nasdaq Composite has narrowed its year-to-date loss to 1.6%. The Nasdaq, which enters Wednesday’s session on a five-day winning streak, has soared 29% since hitting its low for the year on April 7.

Shares of the world’s largest technology companies were mostly higher in premarket trading. AI chipmaker Nvidia (NVDA) and EV maker Tesla (TSLA), which each gained more than 5% yesterday, were both up about 3% this morning. Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META) and Broadcom (AVGO) were also gaining ground, while Apple (AAPL) and Microsoft (MSFT) fell slightly.

Super Micro Computer (SMCI) soared more than 20% ahead of the bell after shares of the server maker and Nvidia partner jumped 16% yesterday. Shares of data analytics software company Palantir (PLTR), which surged to a record high on Tuesday, were up 2% this morning.

The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of personal and business loans, was at 4.49%, after closing yesterday at 4.50%, its highest level in more than two months. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, fell 0.3% to 100.73.

Gold futures, which have lost ground recently as investor risk appetite has returned, were down 1.9% at $3,185 an ounce. West Texas Intermediate futures, the U.S. crude oil benchmark, slipped 0.9% to $63.10 per barrel.

Bitcoin was little changed this morning at around $104,000. The digital currency surged above $100,000 last week for the first time since February