U.S. stocks edge higher as oil and yields retreat, Broadcom sinks while Snowflake soars

U.S. stocks opened higher as oil prices steadied and Treasury yields pulled back, with the Dow up about 0.7%, the S&P 500 up around 0.5%, and the Nasdaq up roughly 0.5%. Broadcom fell more than 5% after its earnings, while Snowflake jumped about 25% on strong revenue guidance, underscoring a mixed backdrop for growth names amid AI optimism. The 10-year yield eased to about 4.753%, and traders priced in roughly a 68% chance of a 25-basis-point Fed rate hike at the Sept. 16 meeting, as investors await Friday’s NFP data. Brent crude sits near $91 amid U.S.-Iran tensions, highlighting inflation risks ahead of payrolls and other data.