Stock Market Morning Update

At the opening bell, U.S. stock markets are set to begin trading in two hours. Exciting movements are already underway in pre-market trading, with Okta Inc. Cl A (OKTA) surging by an impressive 25.1% and Duolingo Inc. (DUOL) up by 19.2%.

Notable Performers

Natera Inc. (NTRA), Pure Storage Inc. Cl A (PSTG), and Elanco Animal Health Inc. (ELAN) are all showing strong gains of at least 7%. On the flip side, Snowflake Inc. (SNOW) and DoubleVerify Holdings Inc. (DV) have experienced declines, dropping by 22.5% and 17.8% respectively.

Futures Outlook

As investors gear up for the trading day, S&P 500 futures are pointing down by 0.29%, while Dow Jones Industrial Average futures are sliding by 0.32%. The Cboe Volatility Index futures are on the rise, up by 2.36%.

Commodity and Crypto News

In the commodities market, Brent crude oil futures are down by 0.15% and gold futures by 0.28%. The cryptocurrency world sees Bitcoin making gains of 3.96%, reaching $62,702.

Treasury Yields

The 10-Year Treasury yield has climbed to 4.310%, reflecting market moves and investor sentiment.

Global Market Snapshot

In the previous session, the S&P 500 and the Dow saw slight dips of 0.17% and 0.06% respectively. Overseas, Asian stocks saw mixed results, with Japan’s NIKKEI 225 Index down by 0.11% and China’s Shanghai Composite Index up by 1.94%.

As we head into the European trading day, stocks in Europe are showing strength, with the STOXX Europe 600 Index up by 0.10% and the FTSE 100 Index increasing by 0.31% from the previous close.

Stay tuned for the U.S. stock markets’ opening at 9:30 a.m. ET to see how the day unfolds.

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Read More

Money Market Review

Rates in the money market remained in the double digit band and trended higher on all days of…