Tech Stocks Rally 0.7%, U.S. Futures Rise Amid Market Optimism

On June 9, global stocks saw a rally, led by tech stocks, with the STOXX 600 increasing by 0.7%. U.S. stock futures rose between 0.5% and 0.8%, with shares of Meta, Eli Lilly, and Goldman Sachs up approximately 1%. Rising U.S. Treasury yields are above 4.5%, with 30-year yields surpassing 5% more frequently than any year since 2007. Analysts noted that inflation and Fed rate hikes may impact long-duration assets, while 46 out of 68 global central banks are overshooting inflation targets.