FX.co ★ US Futures Mixed Into Wednesday Session

Futures linked to U.S. equities exhibited mixed movements on Wednesday, trailing behind the gains seen in Treasuries. This came as markets evaluated the prospects for earnings amid a climate of lower interest rates coupled with heightened economic uncertainty. Contracts for the S&P 500 and the Dow saw slight increases, extending their record highs from the prior session, while Nasdaq 100 contracts dipped slightly. Technology giants showed varied performances, with semiconductor stocks maintaining their robust momentum from the day before. This was bolstered by indications of strong demand and constrained supply from Asian hubs, despite some skepticism regarding whether AI infrastructure spending by leading software companies in the U.S. might be exaggerated. Additionally, futures for Valero, Marathon Petroleum, and Philips 66 rose following President Trump's announcement that the U.S. had secured initial oil exports from Venezuela—a development advantageous for refineries capable of processing heavy and sour crude in the Gulf Coast. Chevron, the sole American company with operations in Venezuela, also saw gains.