U.S. Stock Futures Rise 0.1% as S And P 500 Futures Gain
S and p 500 futures rose about 0.1% this morning as lower oil prices and fresh jobs data eased inflation pressure. The move left US stock futures slightly higher while the 10-year Treasury yield held near 4.35%, keeping borrowing costs elevated but not rising further for now.
Oil, yields and April jobs
4.35% on the US 10-year Treasury and lower oil prices set the tone for futures trading. Hopes of a US Iran peace deal pulled oil prices lower, while ADP showed 109,000 new private sector jobs in April 2026, the strongest reading since January 2025.
109,000 private sector jobs in April 2026 pointed to labor demand that was still intact, but the market response was to focus on what that meant for rates. With inflation worries easing, the morning trade leaned toward stocks that tend to care most about borrowing costs and economic growth.
Flex, AMD and Super Micro
39.69% was the jump in Flex after fourth quarter results and a supportive TD Cowen read through. Super Micro Computer rose 24.54% after strong quarterly results, multiple analyst price target increases and an upgrade, while Advanced Micro Devices climbed 18.61% on strong quarterly results and a wave of analyst upgrades and target hikes.
17.38% was the drop in Cencora after quarterly results, even with higher sales and net income. Coupang fell 13.82% after earnings swung from profit to loss and fresh analyst downgrades, and Arista Networks slid 13.61% despite higher quarterly revenue and net income plus multiple analyst target changes.
Datadog, Block and Affirm
Datadog was scheduled to report Q1 results today, with Block and Affirm also on deck. Airbnb, Expedia Group and Cloudflare were set for results today as well, alongside Cheniere Energy, Targa Resources and United Parcel Service, leaving traders with a dense earnings calendar after the opening move in futures.
If rates stay near 4.35% and oil remains softer, the market’s next test comes from whether those reports support the same growth-stock rebound that lifted Flex, Super Micro Computer and Advanced Micro Devices. ECB Cipollone’s speech on Sunday may also clarify how euro area policymakers are viewing the recent easing in hike expectations.
