Netflix Inc. (NFLX) saw a significant increase of 13.4% in pre-market trading, while Las Vegas Sands Corp. (LVS) experienced a 5.4% surge.
Other notable gainers include International Game Technology PLC (IGT), AT&T Inc. (T), and R1 RCM Inc. (RCM), all showing gains of at least 4%. On the other hand, Tesla Inc. (TSLA) and VMware Inc. (VMW) started the day with declines, falling 7.0% and 6.9% respectively.
Market Outlook
As U.S. stock markets prepare to open in two hours, S&P 500 futures indicate a slight decrease of 0.09%, while futures for the Dow Jones Industrial Average are down 0.07%. Additionally, the Cboe Volatility Index futures increased by 4.09%.
Commodities Performance
Brent crude oil futures experienced a decline of 1.33%, and gold futures were also down by 0.29%. However, Bitcoin managed to climb by 0.60% and reached $28,425.
Treasury Yield
The 10-Year Treasury yield rose to 4.965%.
Recap of Previous Session
During the last regular trading session, the S&P 500 and the Dow both recorded losses of 1.34% and 0.98% respectively. In Asia, stocks also suffered as Japan’s NIKKEI 225 Index dropped by 1.91%, and China’s Shanghai Composite Index fell by 1.74%.
European Market Update
Europe’s stock market is also experiencing a downward trend in the afternoon session. The STOXX Europe 600 Index is down by 0.71%, and the FTSE 100 Index has dropped by 0.82% compared to the previous closing.
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