U.S. Stock Markets Open on a Positive Note

by Warren Seah

With the opening of U.S. stock markets just two hours away, there is already a buzz of activity. Zillow Group Inc. Cl A (ZG) is leading the way in pre-market trading, showing an impressive increase of 5.2%. Following closely behind is Robinhood Markets Inc. (HOOD), enjoying a gain of 4.1%.

In addition to this, Zillow Group Inc. Cl C (Z), Procore Technologies Inc. (PCOR), and Avangrid Inc. (AGR) are also experiencing gains, all posting increases of at least 3%. However, MSC Industrial Direct Co. (MSM) and S&P Global Inc. (SPGI) haven’t been as fortunate, with both companies seeing declines of 3.0% each.

Looking at the futures market, there is a positive outlook. S&P 500 futures show an increase of 0.15%, while futures for the Dow Jones Industrial Average are up by 0.09%. The Cboe Volatility Index futures, on the other hand, are down by 0.63%.

In terms of commodities, it’s a mixed bag. Brent crude oil futures have seen an increase of 0.48%, while gold futures have climbed by 0.56%. However, Bitcoin has slipped by 1.12% and is now valued at $30,430.

Interestingly, the 10-Year Treasury yield has fallen to 3.971%.

Taking a look back at the previous regular trading session, it was a positive day for the S&P 500 and the Dow. Both indexes saw gains of 0.24% and 0.62% respectively. Markets in Asia also performed well overnight, with Japan’s NIKKEI 225 Index showing a modest increase of 0.04%, and China’s Shanghai Composite Index rising by 0.55%.

As we approach afternoon trading, European stocks are experiencing mixed results. The STOXX Europe 600 Index has enjoyed a 0.51% increase, whereas the FTSE 100 Index has declined slightly by 0.13% from the previous close.

Don’t forget that U.S. stock markets will open for trading at 9:30 a.m. ET. Stay tuned for live updates throughout the trading day.

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