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.

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