Stock index futures are poised for a rebound this morning, indicating a potential recovery at the opening bell. This follows a significant selloff so far this week driven by escalating trade tensions and economic uncertainties.
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In the commodities market, gold prices have surged to new highs as investors seek safe-haven assets amid ongoing geopolitical and economic concerns. Spot gold recently surpassed the $3,000 per ounce mark, reflecting heightened demand for the precious metal. Conversely, oil prices have experienced volatility due to uncertainties surrounding global supply and demand dynamics. After a more than 1% loss in the previous session, oil prices rebounded on Friday, partly due to diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets.
Investors are also closely monitoring developments in Washington, as the risk of a government shutdown appears to be easing. This political backdrop adds another layer of complexity to the market’s outlook, influencing investor sentiment.
In pre-market trading, S&P 500 futures rose 1%, Nasdaq futures rose 1.35% and Dow futures rose 0.6%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly.
UP AFTER EARNINGS –
- DocuSign (DOCU) up 10%
- Ulta Beauty (ULTA) up 8%
- WideOpenWest (WOW) up 13%
- Gogo (GOGO) up 13%
- RLX Technology (RLX) up 8%
- The Buckle (BKE) up 1%
- Rubrik (RBRK) up 19%
DOWN AFTER EARNINGS –
- MRC Global (MRC) down 4%
- Li Auto (LI) down 3%
- Tuniu (TOUR) down 3%
- Xponential Fitness (XPOF) down 25%
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