Stock futures fell on Thursday, weighed by a spike in crude prices and Treasury yields, while traders weighed whether Nvidia’s earnings report met the high bar set for the artificial intelligence titan. Futures tied to the S&P 500 declined 0.4%, while Nasdaq 100 futures lost 0.6%. Dow Jones Industrial Average futures dropped 167 points, or 0.3%. Stocks rallied on Wednesday, snapping a three-day losing streak for the S&P 500, as oil prices and bond yields retreated. Investor spirits were lifted after President Donald Trump said the administration was in the “final stages” of negotiations with Iran, according to a pool report. “The market is coming off a really strong earnings season that delivered positive revisions to earnings expectations, but concerns around inflation and demand destruction in the economy are proving persistent,” said Scott Helfstein, head of investment strategy at Global X ETFs. “That can be hard to look through, but there are still a lot of positive trends that can help propel the economy and markets.” Traders on Thursday also assessed Nvidia’s latest quarterly report. Nvidia breezed past Wall Street’s expectations for earnings and guidance, in addition to announcing a hike in its quarterly cash dividend to 25 cents. But investors have come to expect the chipmaker to beat estimates and raise its outlook amid the AI boom. Nvidia shares were last down slightly. Treasury yields resumed their march higher on Thursday, with borrowing costs rising across the curve as oil prices rose and investors’ attention returned to the inflationary pressures facing the U.S. economy. The 10-year U.S. Treasury note yield—the main benchmark for mortgages, auto loans, and credit card debt—increased by more than 3 basis points to 4.607%. The longer-dated 30-year Treasury bond yield, which is more sensitive to political risks, advanced more than 2 basis points to 5.1334%. The 2-year Treasury note yield, which typically is more sensitive to short-term Federal Reserve interest rate decisions, was up by nearly 5 basis points at 4.085%. Asia-Pacific markets mostly rose Thursday, tracking Wall Street gains, on rising optimism over a Middle East peace deal. Japan’s Nikkei 225 ended Thursday’s trading session 3.14% higher at 61,684.14, following a strong trade data report. South Korea’s Kospi advanced 8.42% at 7,815.59, while the small-cap Kosdaq rose 4.7% to 1,105.97. Australia’s S&P/ASX 200 advanced 1.47% to 8,621.70. China’s CSI 300 gave up early gains, dropping 1.39% to 4,783.1, while Hong Kong’s Hang Seng Index was down 1.15% in the last hour of trade. India’s Nifty 50 was flat in choppy trade, while the BSE Sensex lost 0.31%. Oil prices fell on Thursday, extending losses from the previous session as investors monitored peace talks between the United States and Iran, while economic activity in the euro zone shrank sharply. Brent crude futures dropped 82 cents, or 0.8%, to $104.20 a barrel by 9:49 GMT, and West Texas Intermediate futures were down 60 cents, or 0.6%, at $97.66. Both benchmarks dropped around 5.6% on Wednesday to their lowest in more than a week after U.S. President Donald Trump said talks with Iran were in the final stages. Gold ticked lower on Thursday, pressured by a stronger U.S. dollar ​and high Treasury ​yields, while stagnant peace ​talks in the Middle East kept oil elevated, inflation concerns alive, and reinforced bets of higher interest rates. Spot gold was down 0.2% at $4,536.72 per ounce. ‌On Wednesday, bullion rose more than 1% in U.S. trading hours after having hit its lowest level since March 30. U.S. ​gold futures for June delivery added 0.1% at $4,537.90.