U.S. stock futures rose Tuesday as Wall Street tried to build momentum following positive sessions for the Nasdaq Composite and S&P 500. Futures tied to the Dow Jones Industrial Average climbed 57 points, or nearly 0.2%. S&P 500 and Nasdaq 100 futures both added about 0.5% and 0.7%, respectively. The Nasdaq Composite posted its biggest advance of the month during Monday’s main trading session, rising 1.6%. The S&P 500 added close to 0.7%. The two benchmarks snapped a four-day slide, and the Nasdaq notched its biggest one-day advance since August. The Dow ticked down 0.1%. Notably, the broad market index and the tech-heavy Nasdaq were able to post gains even as the yield on the 10-year Treasury reached its highest level since November 2007, gaining about 9 basis points to trade at 4.34%. Tech shares historically struggle in a high-rate environment, making the tandem rise with yields on Monday more striking for Wall Street. “We’re seeing a positive return in the stock market, [which] we didn’t see last week. We think rates are going to be higher for longer and maybe the stock market’s okay with it,” Katy Kaminski, chief market strategist at AlphaSimplex, told CNBC’s “Closing Bell.” To be sure, some on Wall Street are not confident the rally can continue for much longer. “Typically, spikes in Treasury yields expose other areas of weakness. The rise in yields will make debt refinancing even more burdensome,” said Megan Horneman, chief investment officer at Verdence Capital Advisors. “Another reason yields are rising is that investors are beginning to get realistic on the Fed’s path (more rate hikes may come).” “This is a risk to tech stocks and growth stocks with high PE multiples. Therefore, we expect additional downside in the equity market is likely,” Horneman continued. Consumer retail giants Lowe’s and Macy’s reported quarterly earnings on Tuesday before the bell. Lowe’s gained 2.5% premarket after posting mixed results but reaffirming its full-year guidance, while Macy’s stock price dropped nearly 8% on a cautious forecast for the full year. Investors are keeping a close eye on Nvidia’s earnings due Wednesday. Its shares rose more than 8% Monday, making it one of the largest tech gainers. The company is largely seen as a bellwether on the AI-boom and sentiment. On the economic data front, Wall Street will be looking toward the Philadelphia Fed’s nonmanufacturing survey, as well as the Richmond Fed’s manufacturing survey results. Existing home sales data for July is also scheduled for release Tuesday morning. Traders are also anticipating Fed Chairman Jerome Powell’s remarks at Jackson Hole on Friday for more insight on the central bank’s inflation outlook. U.S. Treasury yields were mixed on Tuesday as investors fretted over what could be ahead for interest rates and awaited the latest economic data. The yield on the 10-year Treasury was down by over 2 basis points to 4.32%. It had risen as high as 4.35% on Monday, close to levels last seen in 2007. The 2-year Treasury was just above flat at 4.999%. Asia-Pacific markets are mostly up even as yields of U.S. 10-year Treasury bonds hit levels not seen in over a decade. Japan’s Nikkei 225 climbed 0.97%, extending its gains from Monday and closed at 31,856.71, while the Topix rose 1.08% and ended at 2,265.71. Overnight, SoftBank Group’s chip unit Arm filed for a Nasdaq listing that is expected to be the largest of the year. South Korea’s Kospi also gained 0.28% to finish at 2,515.74, and the Kosdaq was 0.52% up to end at 893.33. The Australian S&P/ASX 200 hovered just above the flatline and ended 7,118.9. Hong Kong’s Hang Seng index snapped a seven-day losing streak and gained 1.07% in its final hour of trade, while on mainland China, the CSI 300 was up 0.77% to close at 3,758.23. Oil prices moved slightly lower on Tuesday as investors remained downbeat on China’s economic malaise hobbling demand from the world’s top crude importer, limiting the impact of supply cuts. Brent crude was down 43 cents at $84.03 a barrel, while the more active U.S. West Texas Intermediate October contract slipped 32 cents to $80.40 a barrel. Gold prices rose above $1,900 per ounce level on Tuesday, helped by a slight pullback in the dollar and bond yields as investors await the Jackson Hole Symposium later this week. Spot gold was up 0.4% to $1,902 per ounce. U.S. gold futures gained 0.4% to $1,931.30.