Increase in S&P 500 Futures Prominent in Premarket Trading
Coherent Corp. (COHR) saw a 5.0% rise in pre-market trading a mere two hours before the opening of U.S. stock markets. Similarly, Delta Air Lines Inc. (DAL) experienced a 4.5% increase during this period.
Trade Desk Inc. Cl A (TTD), American Airlines Group Inc. (AAL), and CAVA Group Inc. (CAVA) all saw their share prices rise by at least 3%. However, Carvana Co. Cl A (CVNA) and SoFi Technologies Inc. (SOFI) suffered losses of 5.5% and 3.7%, respectively, at the beginning of the trading day.
Simultaneously, S&P 500 futures witnessed an uptick of 0.29%, while Dow Jones Industrial Average futures rose by 0.15%. Conversely, the Cboe Volatility Index futures saw a decline of 7.38%.
In commodities, Brent crude oil futures experienced a rise of 0.22%, and gold futures increased by 0.14%. Bitcoin also climbed by 0.78% to reach $30,580. The 10-Year Treasury yield decreased to 3.835%.
During the previous regular trading session, the S&P 500 and the Dow increased by 0.74% and 0.25%, respectively.
Overnight, Asian stocks also saw gains, with Japan’s NIKKEI 225 Index rising by 1.49% and China’s Shanghai Composite Index increasing by 1.26%.
In afternoon trading, European stocks also experienced gains, with the STOXX Europe 600 Index up by 0.68% and the FTSE 100 Index up by 0.42% compared to the previous close. U.S. stock markets open for trading at 9:30 a.m. ET. For regular updates on the trading day, you can visit Barron’s.