US stocks are open and on track for their 46th record high of 2024 despite the Columbus Day holiday. S&P futures are up by approximately 0.2%, trading above Friday’s range and at new all-time highs. Futures on the Nasdaq 100 also rose by 0.2% with NVDA, AAPL, and GOOG leading in MegaCap Tech. Investors are preparing for the latest round of corporate earnings and increasingly focusing on the US election where a pro-market Trump victory seems increasingly likely. In China, the CSI 300 Index closed around 2% higher after a volatile session. Europe's Estoxx 50 is slightly lower over the early London session. US cash bond markets are closed today. The Bloomberg Dollar index is higher. Commodities are mixed with oil prices 2.3% lower, base metals higher, and precious metals showing mixed movements. This week, a busy earnings calendar is expected, along with the Retail Sales release on Thursday.
In premarket trading, cryptocurrency-linked stocks were lifted by gains in Bitcoin. MicroStrategy led gains in cryptocurrency-linked companies. Boeing fell again as the company plans to cut its global workforce by about 10% and announced $5 billion in charges. SentinelOne Inc. shares rose 4.2% as Piper Sandler upgraded the cybersecurity software company. US-listed casino stocks tumbled after the election of a new Macau leader, who warned against the influence of the gambling industry in the city. Here are some other notable premarket movers:
B. Riley rose 20% after the broker-dealer and investment firm reached a deal with funds managed by Oaktree Capital Management LP for a partnership in Great American Holdings.
Boeing slipped 2% as the company plans to cut its global workforce by about 10% and announced $5 billion in charges across its commercial airplanes and defense businesses.
Caterpillar dropped 2% after being downgraded to underweight by Morgan Stanley as analysts view construction firms cautiously, flagging a disconnect between fundamentals and share price.
FanDuel parent Flutter Entertainment rose 4% as analysts mostly played down the likelihood of heavy new taxes for the industry amid a report on Friday that the UK is considering a tax of up to £3 billion on the gambling sector.
Longboard Pharmaceuticals gained 50% after agreeing to be acquired by Danish pharmaceutical company H.
US stocks are open and on track for their 46th record high of 2024 despite the Columbus Day holiday. S&P futures are up by approximately 0.2%, trading above Friday’s range and at new all-time highs. Futures on the Nasdaq 100 also rose by 0.2% with NVDA, AAPL, and GOOG leading in MegaCap Tech. Investors are preparing for the latest round of corporate earnings and increasingly focusing on the US election where a pro-market Trump victory seems increasingly likely. In China, the CSI 300 Index closed around 2% higher after a volatile session. Europe's Estoxx 50 is slightly lower over the early London session. US cash bond markets are closed today. The Bloomberg Dollar index is higher. Commodities are mixed with oil prices 2.3% lower, base metals higher, and precious metals showing mixed movements. This week, a busy earnings calendar is expected, along with the Retail Sales release on Thursday.
In premarket trading, cryptocurrency-linked stocks were lifted by gains in Bitcoin. MicroStrategy led gains in cryptocurrency-linked companies. Boeing fell again as the company plans to cut its global workforce by about 10% and announced $5 billion in charges. SentinelOne Inc. shares rose 4.2% as Piper Sandler upgraded the cybersecurity software company. US-listed casino stocks tumbled after the election of a new Macau leader, who warned against the influence of the gambling industry in the city. Here are some other notable premarket movers:
B. Riley rose 20% after the broker-dealer and investment firm reached a deal with funds managed by Oaktree Capital Management LP for a partnership in Great American Holdings.
Boeing slipped 2% as the company plans to cut its global workforce by about 10% and announced $5 billion in charges across its commercial airplanes and defense businesses.
Caterpillar dropped 2% after being downgraded to underweight by Morgan Stanley as analysts view construction firms cautiously, flagging a disconnect between fundamentals and share price.
FanDuel parent Flutter Entertainment rose 4% as analysts mostly played down the likelihood of heavy new taxes for the industry amid a report on Friday that the UK is considering a tax of up to £3 billion on the gambling sector.
Longboard Pharmaceuticals gained 50% after agreeing to be acquired by Danish pharmaceutical company H.
