Futures on the S&P, Dow, and Nasdaq are slightly lower, with WTI crude above $102 per barrel and the 10-year Treasury yield reaching 5.04%, its highest level since 2007. The Federal Reserve is expected to hike rates by 25 basis points with over 92% probability according to market pricing. Nvidia CEO Jensen Huang pushed back on AI safety concerns during an interview, arguing that doom-and-gloom predictions are not grounded in science. Eli Lilly was upgraded to buy at Berenberg with a $1,400 price target implying about 23% upside. Dave & Buster’s fell over 13% premarket after missing revenue and earnings estimates, while Etsy was upgraded to buy at Oppenheimer with a $90 price target.
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