Stock Market Today: Dow Futures Hover; Nvidia Boosts Nasdaq Futures

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Investor anxiety has crept into other areas of the market, particularly with the U.S. debt-ceiling deadline looming. Fitch late Wednesday placed the U.S.’s triple-A credit rating on negative watch, citing “increased political partisanship” around the debt limit.

Stock indexes were split. The Nasdaq Composite rose 1.2%, while the S&P 500 added 0.5%. The Dow slipped roughly 0.2%. All three indexes are on track for weekly losses.

Yields on U.S. government bonds rose. The yield on the benchmark 10-year U.S. Treasury note rose to 3.763%, from 3.717% Wednesday. The two-year yield rose to 4.427%, from 4.343%.

Stocks tied to the AI frenzy rallied. Chipmaker Advanced Micro Devices and the American depositary receipts for Taiwan Semiconductor Manufacturing Co. both jumped.

Oil prices retreated after Brent crude on Wednesday reached its highest settlement value since the start of May. Brent futures declined more than 2.5%.

Data watch: First-quarter gross domestic product was revised upward to a 1.3% annual growth rate. Meanwhile, jobless claims increased slightly last week but remained at historic lows.