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Market Update

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U.S. Stock Markets

With just two hours until U.S. stock markets open, there are some notable pre-market movements. Marathon Digital Holdings Inc. (MARA) is up 7.8%, while Coinbase Global Inc. (COIN) has risen by 5.8%.

Other companies seeing gains include Roivant Sciences Ltd. (ROIV), MicroStrategy Inc. (MSTR), and Robinhood Markets Inc. (HOOD), all posting increases of at least 4%. However, Yum! Brands Inc. (YUM) and Southwestern Energy Co. (SWN) have experienced declines, falling 5.0% and 3.3% respectively.

Futures and Commodities

Looking at the futures market, the S&P 500 is expected to open with a slight gain of 0.10%, while the Dow Jones Industrial Average is predicted to start the day with a small decline of 0.05%. The Cboe Volatility Index futures, on the other hand, are currently down by 1.86%.

In commodities news, Brent crude oil futures have seen an increase of 1.78%, while gold futures are up 0.48%. Meanwhile, Bitcoin has climbed by 2.62% to reach $47,159.

Treasury Yield

The 10-Year Treasury yield has slipped slightly to 3.980%.

Previous Trading Session

During the previous regular trading session, both the S&P 500 and the Dow experienced gains of 0.57% and 0.45% respectively.

Global Markets

Stocks in Asia performed well overnight, with Japan’s NIKKEI 225 Index up by 1.77% and China’s Shanghai Composite Index rising by 0.31%.

In Europe, stock performance is mixed in afternoon trading. The STOXX Europe 600 Index has seen a slight increase of 0.14%, while the FTSE 100 Index has declined by 0.15% since the previous close.

Market Opening

U.S. stock markets are set to open at 9:30 a.m. ET.

Note: This report was generated using data from Dow Jones and FactSet.

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