Market Overview and Sentiment News Debt Bill Drag: U.S. stock futures were flat as investors weighed concerns over Trump’s tax and spending bill potentially adding $3.8T to debt, denting sentiment. Yield Worries: Treasury yields climbed further, keeping equity futures pressured as rate cut expectations pushed to later this year. Credit Outlook Shift: Moody’s downgraded U.S. sovereign rating to Aa1 from Aaa, citing debt growth concerns; this fuels caution in rate-sensitive futures trading. Tech Spotlight: Nvidia earnings take center stage ahead of Q1 report, with markets assessing AI-driven growth prospects amid macro uncertainty. PMI Indicators: Flash U.S. Composite PMI rose to 52.1, signaling modest expansion; services PMI climbed to 52.3, but trade tensions linger. Sentiment Impact: The mix of debt concerns, elevated yields, and credit rating pressure continues to cap broad equity futures, while tech anticipation and modest PMI gains offer ...

Market Overview and Sentiment News U.S. equity futures opened modestly lower as investors grapple with fiscal concerns over President Trump's proposed tax and spending bill, which could add $3.8 trillion to the national debt, pushing 10‑year Treasury yields above 4.5% and weighing on risk assets. Elevated Treasury yields and Moody’s credit rating downgrade have dragged broader markets, with the S&P 500 E-mini futures down around 0.2% despite gains in tech names like Alphabet and Snowflake. Bitcoin extended its rally to a fresh record high above $110,000, attracting capital flows into crypto-driven stocks and gold as alternative havens amid dollar weakness. Overseas, European equities reached multi-year highs, buoyed by resilient corporate earnings and easing trade tensions, while Asian markets held steady ahead of flash PMI releases. The U.K. private sector contracted for a second month as manufacturing output slid, fueling talk of autumn tax hikes and adding to global r...