Opening Market Trends

Market Update: U.S. Stock Markets Prepare to Open

As the U.S. stock markets gear up to open in two hours, there are some significant movements in the pre-market trading.

Stocks on the Rise:

• Bausch + Lomb Corp. (BLCO) is up 9.9%
• Wix.com Ltd. (WIX) is up 5.6%

Gaining Ground:

• Garmin Ltd. (GRMN)
• Gap Inc. (GPS)
• Antero Resources Corp. (AR)

All showing gains of at least 3%. However, Palo Alto Networks Inc. (PANW) and Global-E Online Ltd. (GLBE) have experienced declines of 22.6% and 15.5%, respectively.

Futures Outlook

S&P 500 futures are slightly down by 0.17%, while Dow Jones futures are falling by 0.13%. The Cboe Volatility Index futures are up by 3.60%.

Commodities and Bitcoin

In commodities news, Brent crude oil futures see a decrease of 0.51%, while gold futures are slightly up by 0.05%. Bitcoin is down by 1.50% to $51,238.

The 10-Year Treasury yield has dropped to 4.256%.

Global Market Update

Previous regular trading session saw the S&P 500 and Dow experiencing declines of 0.60% and 0.17%, respectively. In Asia, stocks were mixed overnight with Japan's NIKKEI 225 Index down by 0.26% and China's Shanghai Composite Index up by 0.97%.

In Europe, stocks are currently down with the STOXX Europe 600 Index declining by 0.06% and the FTSE 100 Index dropping by 0.72% from the previous close.

Stay Tuned for Live Updates

U.S. stock markets will open for trading at 9:30 a.m. ET. For the latest updates on the trading day, stay tuned for more information.