U.S. Futures Rise as Investors Ignore Inverted Yield Curve By Investing.com

Investing.com – U.S. futures pointed to a higher opening bell on Tuesday, as Apple (NASDAQ:) reinventing itself as an entertainment and financial services company helped investors shrug off concern over the inverted yield curve.

Apple rose 0.8% in premarket trading after closing in the red as it unveiled a movie and television streaming service. The company also introduced a credit card and video game arcade, as the company attempts to change its revenue from being device-heavy to subscription based due to a fall in iPhone sales.

rose 117 points to 0.5% by 6:45 AM ET (10:45 GMT), while gained 11 points or 0.4% and tech-heavy was up 27 points or 0.4%.

While the U.S. Treasury yield curve remained inverted for the third consecutive session, investors remained unconcerned.

The yield on the benchmark was at 2.437%, after hitting a December 2017 low of 2.393% last Friday, even as the three-month bond was at . An inverted yield curve is widely considered to be a leading indicator of recession.

Meanwhile, Samsung (KS:) warned that its first-quarter profit would miss market expectations due to a fall in chip prices.

Still, chipmakers were higher, with Advanced Micro Devices Inc (NASDAQ:) up 1.4% and Micron (NASDAQ:) rising 1.1%. Tesla (NASDAQ:) jumped 1.5% after a lawsuit over Tesla Model 3 production claims was dismissed.

Elsewhere, Carnival (NYSE:) Corp fell 1.2%, while Thor Industries Inc (NYSE:) slumped 1.7%.

In economic news, and are released at 8:30 AM ET (12:30 GMT), while data is out at 10:00 AM ET (14:00 GMT).

In commodities, were down 0.7% to $1,320.15 a troy ounce, while gained 1.2% to $59.54. The , which measures the greenback against a basket of six major currencies, slipped 0.1% to 95.998.

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