Key facts
- US stock futures were flat as rising government bond yields impacted risk sentiment.
- Gains in AI-related stocks were counteracted by higher bond yields.
- Optimism around Anthropic's potential IPO was tempered by concerns over elevated oil prices and interest rates.
- Oil prices retreated, and concerns about energy-driven inflation potentially leading to prolonged elevated interest rates affected risk assets.
US stock index futures were flat on Tuesday as rising government bond yields impacted risk sentiment, counteracting gains in AI-related stocks. Optimism surrounding AI firm Anthropic's potential public debut, which could value the company at more than $2 trillion, was tempered by concerns over elevated oil prices and global bond yields.
Anthropic plans to spend $518 billion on cloud, computing and infrastructure. Oil prices retreated, and concerns about energy-driven inflation potentially leading to prolonged elevated interest rates affected risk assets.