Stock Market Update

by Warren Seah

VinFast Auto Ltd. (VFS) and Targa Resources Corp. (TRGP) are showing promising gains in pre-market trading, with VFS up by 6.8% and TRGP up by 3.5%.

Other notable gainers include UWM Holdings Corp. (UWMC), DoorDash Inc. (DASH), and American Financial Group Inc. (AFG), all posting gains of at least 3%. However, Rivian Automotive Inc. Cl A (RIVN) and Clorox Co. (CLX) are experiencing declines, falling by 8.6% and 3.9% respectively.

Market Highlights

  • S&P 500 futures are down by 0.24% while futures for the Dow Jones Industrial Average have fallen by 0.28%. The Cboe Volatility Index futures also saw a decline of 4.82%.

Commodity News

  • Brent crude oil futures experienced a decrease of 1.45%, whereas gold futures saw a slight increase of 0.04%.

Other Market Indicators

  • Bitcoin has risen by 0.22% to $27,715.
  • The 10-Year Treasury yield has slipped to 4.725%.

Recent Trading Activity

In the previous regular trading session, the S&P 500 and the Dow showed positive movement, with gains of 0.81% and 0.39% respectively. Overnight in Asia, Japan’s NIKKEI 225 Index experienced a notable increase of 1.80%.

European Stock Markets

In afternoon trading, European stock markets are on the rise, with both the STOXX Europe 600 Index and the FTSE 100 Index showing gains of 0.34% and 0.41% respectively from the previous close.

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