As the U.S. stock markets prepare to open in two hours, Macy’s Inc. (M) is showing a strong performance, up 16.6% in pre-market trading, followed closely by Super Micro Computer Inc. (SMCI) with a gain of 15.4%.
Notable Performers
MicroStrategy Inc. (MSTR), Woodward Inc. (WWD), and Vertiv Holdings LLC (VRT) are also making significant gains of at least 8%. However, in early trading, Workday Inc. Cl A (WDAY) and Flex Ltd. (FLEX) are experiencing declines, falling 4.1% and 3.6%, respectively.
Market Futures
S&P 500 futures are down 0.12%, while futures for the Dow Jones Industrial Average have fallen by 0.27%. Additionally, the Cboe Volatility Index futures are showing a decrease of 0.50%.
Commodity Update
In commodities news, Brent crude oil futures are down 0.45%, gold futures have depreciated by 0.20%, and Bitcoin is up by 3.64% to $65,082.
Treasury Yield Movement
The 10-Year Treasury yield has climbed to 4.204%, indicating a shift in bond market sentiment.
Global Market Recap
In the previous regular trading session, the S&P 500 and the Dow saw gains of 0.80% and 0.23%, respectively. Stocks in Asia also performed positively, with Japan’s NIKKEI 225 Index up by 0.50% and China’s Shanghai Composite Index rising by 0.41%.
However, in afternoon trading, European stocks are seeing a decline, with the STOXX Europe 600 Index down by 0.07% and the FTSE 100 Index dropping by 0.49% from the previous close.
Stay Updated
U.S. stock markets are set to open at 9:30 a.m. ET, shaping the trading day ahead. For real-time updates and insights on market trends, stay tuned for more information.