Nasdaq-100 futures rebounded ahead of Nvidia earnings.

June Nasdaq-100 futures broke a three-session slide, rallying over 1.6% with an intraday high of 29,395.50. Market participants are focused closely on Nvidia's upcoming earnings report, where consensus expectations stand at $1.75 per share on $78.91 billion in revenue. As a key proxy for AI infrastructure sentiment, Nvidia's results carry significant weight for the Nasdaq-100 contract. Meanwhile, macroeconomic headwinds persist as structural rate pressures cap equity upside. Geopolitical disruptions in the Strait of Hormuz continue to keep crude oil prices elevated, anchoring inflation expectations and limiting the Federal Reserve's room to cut rates. Although the 10-Year Treasury yield eased slightly today after hitting multi-month highs, elevated yields mean the bond market continues to dictate near-term ceilings for equity indexes.