With just two hours to go before the opening of the U.S. stock markets, some notable pre-market movements can be observed. Gap Inc. (GPS) is showing a significant increase of 17.9%, while Ross Stores Inc. (ROST) has also experienced a positive uptick of 6.5%.
Other noteworthy gainers include TKO Group Holdings Inc. (TKO), Globant S.A. (GLOB), and BRP Inc. (DOOO), all showing gains of at least 4%. However, Freshworks Inc. Cl A (FRSH) and Applied Materials Inc. (AMAT) have seen declines in early trading, with respective falls of 9.3% and 7.3%.
Market Outlook
As the market prepares to open, futures for the S&P 500 index are up by 0.20%, while futures for the Dow Jones Industrial Average are rising by 0.24%. Conversely, the Cboe Volatility Index futures are down by 1.17%.
Commodity Update
In terms of commodities news, Brent crude oil futures have risen by 1.46%, and gold futures have seen a modest increase of 0.20%. Bitcoin has also experienced positive momentum, rising by 0.96% to reach $36,363.
10-Year Treasury Yield
The 10-Year Treasury yield has fallen to 4.409%, reflecting a potential shift in investor sentiment.
Previous Trading Session
During the last regular trading session, the S&P 500 increased by 0.12%, while the Dow recorded a slight decline of 0.13%. In Asia, stocks have shown positive performance, with Japan’s NIKKEI 225 Index rising by 0.48% and China’s Shanghai Composite Index seeing a more modest increase of 0.11%.
European Market Update
Currently, stocks in Europe are on an upward trend, with the STOXX Europe 600 Index rising by 0.94% and the FTSE 100 Index increasing by 0.79% from the previous close.
The U.S. stock markets will open for trading at 9:30 a.m. ET, and for regular updates on the trading day, please refer to reliable sources.
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