• Wednesday, October 16, 2024

It's time for a quick overview of the U.S. stock market before the opening bell. Here are some notable movements:

Pre-Market Gainers

  • Moderna Inc. (MRNA) is leading the way with an impressive 11.7% increase.
  • AngloGold Ashanti PLC (AU) is also off to a strong start, up by 5.6%.

Early Trading Gains

  • Cincinnati Financial Corp. (CINF), Commercial Metals Co. (CMC), and Affirm Holdings Inc. Cl A (AFRM) are all showing gains of at least 3%.

Early Trading Declines

  • Apellis Pharmaceuticals Inc. (APLS) and Five Below Inc. (FIVE) have experienced declines, falling 14.5% and 4.7% respectively.

Futures

  • S&P 500 futures are up 0.33% and Dow Jones Industrial Average futures rose 0.31%.
  • The Cboe Volatility Index futures are down 0.81%.

Commodities Snapshot

  • Brent crude oil futures are on the rise, up 1.62%.
  • Gold futures have also seen an increase, up by 2.64%.
  • Bitcoin is showing slight growth, up 0.18% to $43,092.

Treasury Yield

  • The 10-Year Treasury yield has fallen to 3.951%.

Previous Trading Session

  • In the previous regular trading session, the S&P 500 and the Dow both saw gains, up 1.37% and 1.40% respectively.

Global Market Updates

  • In Asia, stocks took a hit overnight, with Japan's NIKKEI 225 Index down 0.73%, and China's Shanghai Composite Index falling 0.33%.
  • In Europe, stocks are on the upswing, with the STOXX Europe 600 Index climbing 1.42% and the FTSE 100 Index rising 1.84% from the previous close.

Remember, U.S. stock markets open for trading at 9:30 a.m. ET. Stay tuned for more updates throughout the day.

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