Stock futures moved higher on Wednesday, thanks in part to a decline in oil prices, as traders looked ahead to the release of Nvidia’s first-quarter earnings report. Futures linked to the S&P 500 were 0.4% higher, while Nasdaq-100 futures added 0.8%. Futures tied to both indexes had earlier been trading in negative territory. Dow Jones Industrial Average futures were up 203 points, or 0.4%. Investors are turning their attention toward Nvidia, which reports its first-quarter earnings after the close. The report will be an important view into the artificial intelligence trade and provide the latest update on demand for chips. Ben Snider, chief U.S. equity strategist at Goldman Sachs, noted that the chipmaker and AI darling has contributed about 20% of the S&P 500’s returns this year and almost that much of the broad market index’s earnings growth in 2026. “So, the numbers they report tomorrow matter. More broadly, of course, investors across the Street—and really across asset classes—look to Nvidia as a signal for where the AI infrastructure buildout is going, and we’ll be watching closely,” Snider said on CNBC’s “Closing Bell” on Tuesday afternoon. Traders are also expecting the minutes from the Federal Reserve’s April meeting, which are due on Wednesday at 2 p.m. ET. Rising bond yields pressured stocks on Tuesday, causing the S&P 500 and Nasdaq Composite to both post their third losing session in a row. Yields on U.S. Treasurys moved lower on Wednesday, following a sharp sell-off across bond markets as inflation concerns continue to weigh on investor sentiment. The 10-year Treasury yield—the main benchmark for mortgages, auto loans, and credit card debt—was just 3 basis points lower at 4.639%. During Tuesday’s session, it reached its highest level since January 2025, at 4.687%. Meanwhile, the longer-dated 30-year Treasury bond yield was more than 1 basis point lower at 5.164%, having briefly advanced to 5.197%, its highest level since July 2007, during the previous day’s trade. Yields on the 2-year Treasury note, which are more sensitive to calls on short-term Federal Reserve interest rate moves, slipped by more than 3 basis points to 4.089%. Asia-Pacific markets fell on Wednesday as investors weighed elevated bond yields and renewed geopolitical tensions, following U.S. President Donald Trump’s statement on Tuesday that he was “an hour away” from deciding to attack Iran, before he was persuaded to postpone the strike for a few days. Japan’s super-long government bond yields eased slightly on Wednesday, with the 30-year JGB yield falling over 9 basis points to 4.068% after hitting record highs on Monday. Meanwhile, shorter-dated Japanese debt continued to come under pressure, with the 5-year JGB yield climbing to a record 2.041%. Japan’s Nikkei 225 lost 1.23% to 59,804.41 while the Topix declined 1.53% to 3,791.65. South Korea’s Kospi fell 0.86% to 7,208.95 while the small-cap Kosdaq dropped 2.61% to 1,056.07. In Australia, the S&P/ASX 200 lost 1.26% to 8,496.6. Hong Kong’s Hang Seng index slid 0.57%, and the mainland’s CSI 300 closed flat. Oil prices were down about 1% on Wednesday after U.S. President Donald ​Trump again asserted the war with Iran will end “very quickly,” though investors remain wary about the outcome of peace ‌talks amid continued disruptions to Middle Eastern supplies. Brent crude oil futures fell $1.11, or 1.0%, to $110.17 a barrel by 6:40 a.m. London time, while U.S. West Texas Intermediate futures were down $1.12, or 1.1%, to $103.03. “Benchmark prices softened on a potential deal as the market gauges the geopolitical outcomes,” said Emril Jamil, a senior oil research ​analyst at LSEG. Gold prices held ​steady on Wednesday, as pressure ​from a firm dollar and higher Treasury yields was offset by hopes of a potential resolution to the U.S.-Iran conflict, easing some inflation concerns. Spot gold was unchanged at $4,480.29 per ⁠ounce, after earlier falling to its ⁠lowest level since March 30. U.S. gold futures for June delivery lost 0.6% to $4,482.80.