Aramark (ARMK) and Coinbase Global Inc. (COIN) surged in pre-market trading, with gains of 6.3% and 5.6% respectively. Joining the positive trend, Discover Financial Services (DFS), Rivian Automotive Inc. Cl A (RIVN), and Insulet Corp. (PODD) all recorded gains of at least 3%. However, SolarEdge Technologies Inc. (SEDG) and Toast Inc. (TOST) experienced early declines, falling 2.8% and 2.6% respectively.
Market Trends
The S&P 500 futures opened with a modest rise of 0.04%, while the futures for the Dow Jones Industrial Average fell slightly by 0.01%. The Cboe Volatility Index futures, indicating market volatility, increased by 1.97%.
Commodities Update
Brent crude oil futures advanced by 1.11%, while gold futures declined by 0.79%. In the realm of cryptocurrencies, Bitcoin saw a notable surge of 4.62%, reaching $28,366.
Treasury Yield Movement
The 10-Year Treasury yield experienced an increase, rising to 4.632%.
Recap of Previous Trading Sessions
During the previous regular trading session, the S&P 500 and the Dow recorded slight losses of 0.27% and 0.47% respectively. The NIKKEI 225 Index in Japan also experienced a decrease of 0.31% overnight.
Market News in Europe
In afternoon trading, European stocks demonstrated a downward trend as the STOXX Europe 600 Index declined by 0.25% and the FTSE 100 Index dropped by the same margin from the previous close.
U.S. stock markets will officially open for trading at 9:30 a.m. ET. Stay updated throughout the trading day for the latest developments.
