Stock Futures Climb Despite Surging Bond Yields

Stock futures are on the rise to kick off the fourth quarter. Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are up triple digits, while S&P 500 Index (SPX) futures are firmly in the black as well. Chip stocks are broadly higher after Micron Technology's (MU) blockbuster earnings, with the market brushing off continued pressure from bond yields and oil.

The 10-year Treasury yield rose to 5.34% this morning, its highest level since 2002, amid a global bond selloff. Meanwhile, West Texas Intermediate (WTI) crude is up more than 1% above $91 per barrel.

Continue reading for more on today's market, including:

• This bank stock's pullback could be a bullish opportunity. 
• Contrarian sentiment signal flashing for Energy Fuels stock.  
• Plus, GOOGL unveils latest AI model; and 2 earnings reports to watch. 

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.1 million call contracts and 1.1 million put contracts traded on Wednesday. The single-session equity put/call ratio rose to 0.53, while the 21-day moving average remained at 0.59. 
2. Alphabet Inc (Class A) (NASDAW:GOOGL) is up 1.4% premarket, after the tech giant unveiled its latest AI model, Gemini 4 Argon, with improvements in cybersecurity, coding and complex professional work. Coming into today, GOOGL is sporting a 9.9% year-to-date lead. 
3. Accenture Plc (NYSE:ACN) is soaring 18.4% before the bell, after the company's better-than-expected fiscal fourth-quarter results and an upbeat outlook. Should these gains hold, ACN will halve its 31.7% year-to-date deficit. 
4. As mentioned before, Micron Technology Inc (NASDAQ:MU) also reported fiscal fourth-quarter results that beat estimates, along with strong guidance as data center revenue surges. The shares are brushing off the event, however, last seen down 1.3% in electronic trading. Since the start of 2026, MU is up 273.2%. 
5. More economic data coming up this week, including Friday's jobs report. 

Britain's 30-Year Yield Hits 28-Year High

Asian markets kicked off October with a healthy session, led by a surge in chip stocks. South Korean exports rose 83.5% for September, blowing past expectations of 62%, with help from semiconductor shipping. China was also in focus, after reports suggested the region’s refiners have suspended crude exports for October. For the session, Japan’s Nikkei rose 3.3%, Hong Kong’s Hang Seng added 0.4%, China’s Shanghai Composite tacked on 0.3%, and South Korea’s Kospi jumped 2%.

Sentiment is less positive across the pond, with European markets struggling to start a new quarter as sliding household goods stocks and surging bond yields weigh. France’s 10-year bond yield is nearing 5%, its highest level since 2002, while Britain’s 30-year yield topped 6% for the first time since 1998. The FTSE 100 in London is sliding 1.1%, France’s CAC 40 has lost 0.8%, and Germany’s DAX has shed 0.2% at last check.