Stock futures indicate a potential rebound after several days of significant losses. Global financial markets are experiencing volatility amid ongoing trade tensions and recent tariff implementations by the U.S. government.
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The U.S. bond market has experienced a sharp selloff, with the benchmark 10-year Treasury yield spiking from 3.87% to 4.216%. This surge is attributed to investors liquidating holdings to cover losses in other assets and diminishing expectations for imminent Federal Reserve interest rate cuts.
Gold prices have declined, with the SPDR Gold Shares ETF trading at $273.71, down 2% from the previous close. Oil markets are also under pressure; the United States Oil Fund is priced at $65.98, reflecting about a 3% decrease. Analysts attribute these movements to concerns over global economic growth stemming from escalating trade tensions.
In pre-market trading, S&P 500 futures rose 2.5%, Nasdaq futures rose 2.3% and Dow futures rose 2.7%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly.
HIGHER –
UP AFTER EARNINGS –
UP AFTER MEDICARE ADVANTAGE BENCHMARK INCREASE –
- Humana (HUM) up 17%
- Alignment Healthcare (ALHC) up 9%
- CVS Health (CVS) up 10%
- UnitedHealth (UNH) up 8%
- Centene (CNC) up 5%
- Broadcom (AVGO) up 5%
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