U.S. Stock Markets Set to Open with Promising Start

1 Mins read

With just two hours until the U.S. stock markets open, there is positive momentum in pre-market trading. ResMed Inc. (RMD) is leading the way with an 8.8% increase, closely followed by International Business Machines Corp. (IBM) with a 7.2% gain.

Notable gains are also being seen for Range Resources Corp. (RRC), American Airlines Group Inc. (AAL), and Sprouts Farmers Market Inc. (SFM), all posting increases of at least 4%. However, Columbia Banking System Inc. (COLB) and Humana Inc. (HUM) have taken a hit, experiencing declines of 20.9% and 13.0%, respectively.

Looking ahead, S&P 500 futures are showing a modest 0.05% increase, while futures for the Dow Jones Industrial Average are slightly down by 0.03%. The Cboe Volatility Index futures are up 2.48%, indicating potential volatility.

In commodities news, Brent crude oil futures are on the rise by 0.99%. Meanwhile, gold futures remain unchanged at 0.00%. Bitcoin sees a slight increase of 0.58%, now valued at $40,014.

Additionally, the 10-Year Treasury yield has fallen to 4.171%.

Reviewing the previous regular trading session, the S&P 500 experienced a modest increase of 0.08%, while the Dow went down by 0.26%. In Asia, stocks saw positive performance, with Japan’s NIKKEI 225 Index up by 0.03% and China’s Shanghai Composite Index rising significantly by 3.03%.

As for Europe, stocks are currently experiencing a downward trend, with the STOXX Europe 600 Index dropping 0.32% and the FTSE 100 Index declining by 0.17% since the previous close.

The U.S. stock markets will commence trading at 9:30 a.m. ET as investors eagerly monitor the latest developments. For real-time updates throughout the trading day, please visit our platform.

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