U.S. Markets close in 6 hrs 15 mins
  • S&P 500

    4,585.71
    +8.61 (+0.19%)
     
  • Dow 30

    34,700.34
    +60.55 (+0.17%)
     
  • Nasdaq

    15,345.48
    -35.84 (-0.23%)
     
  • Russell 2000

    2,215.62
    +9.29 (+0.42%)
     
  • Crude Oil

    68.84
    +2.34 (+3.52%)
     
  • Gold

    1,769.70
    +7.00 (+0.40%)
     
  • Silver

    22.33
    +0.02 (+0.09%)
     
  • EUR/USD

    1.1294
    -0.0011 (-0.1016%)
     
  • 10-Yr Bond

    1.4560
    +0.0080 (+0.55%)
     
  • Vix

    26.15
    -4.97 (-15.97%)
     
  • GBP/USD

    1.3249
    -0.0053 (-0.3975%)
     
  • USD/JPY

    113.4900
    +0.2810 (+0.2482%)
     
  • BTC-USD

    56,653.35
    -356.15 (-0.62%)
     
  • CMC Crypto 200

    1,447.04
    +5.28 (+0.37%)
     
  • FTSE 100

    7,165.92
    +36.71 (+0.51%)
     
  • Nikkei 225

    28,029.57
    +276.20 (+1.00%)
     

A Peek Into The Markets: US Stock Futures Mostly Higher; Crude Oil Rises Over 1%

·3 min read

Pre-open movers

U.S. stock futures traded mostly higher in early pre-market trade after recording a slight gain in the previous session. Investors are awaiting earnings results from Aurora Cannabis Inc. (NYSE: ACB) and Concentrix Corporation (NASDAQ: CNXC).

Data on durable goods orders for August will be released at 8:30 a.m. ET. A headline rebound of 0.6% is expected for August following a 0.1% decline a month ago. The Dallas Fed manufacturing index for September is scheduled for release at 10:30 a.m. ET. Chicago Fed President Charles Evans is set to speak at 8:00 a.m. ET, while Federal Reserve Bank of New York President John Williams will speak at 9:00 a.m. ET.

Futures for the Dow Jones Industrial Average jumped 126 points to 34,800.00 while the Standard & Poor’s 500 index futures rose 7 points to 4,452.75. Futures for the Nasdaq 100 index fell 28.75 points to 15,290.00.

The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 42,931,400 with around 688,030 deaths. India reported a total of at least 33,678,780 confirmed cases, while Brazil confirmed over 21,351,970 cases.

Oil prices traded higher as Brent crude futures rose 1.2% to trade at $78.15 per barrel, while US WTI crude futures rose 1.2% to trade at $74.90 a barrel. The total number of active U.S. oil rigs climbed by 10 to 421 rigs this week, Baker Hughes Inc reported Friday.

A Peek Into Global Markets

European markets were higher today. The Spanish Ibex Index rose 1.3% and STOXX Europe 600 Index gained 0.3%. The French CAC 40 Index rose 0.6%, London’s FTSE 100 gained 0.3% while German DAX 30 climbed 0.9%. Loans to households in the Eurozone increased 4.2% in August, unchanged from the earlier month's growth. Producer prices in Spain surged 18% year-over-year in August following a 15.6% increase in the prior month.

Asian markets traded mostly higher today. Japan’s Nikkei 225 fell 0.03%, Hong Kong’s Hang Seng Index rose 0.07%, while China’s Shanghai Composite Index fell 0.84%. Australia’s S&P/ASX 200 rose 0.6% and India’s BSE Sensex rose 0.1%. The index of leading economic indicators in Japan, slipped to 104.1 in July from 104.2 in the prior month, while index of coincident economic indicators declined to 94.4 from 94.6 a month ago.

Broker Recommendation

SVB Leerink initiated coverage on Humana (NYSE: HUM) with an Outperform rating and announced a price target of $494.

Humana shares fell 0.1% to $398.34 in pre-market trading.

Check out other major ratings here

Breaking News

  • Some key China-based suppliers of Apple Inc (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA) have halted production at their facilities to follow Beijing's tighter energy consumption policy, Nikkei Asia reported, citing suppliers.

  • The Middleby Corporation (NASDAQ: MIDD) reported the acquisition of Imperial Commercial Cooking Equipment.

  • Terminix Global Holdings Inc (NYSE: TMX) reported the resignation of COO Kim Scott and affirmed its full-year 2021 guidance.

  • Hikma Pharmaceuticals Plc (OTC: HKMPF) agreed to acquire US-based generic sterile injectables producer Custopharm Inc from Water Street Healthcare Partners.

Check out other breaking news here

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.