As the U.S. stock markets geared up to open in just a couple of hours, Logitech International S.A. (LOGI) had a notable pre-market surge, rising by 9.4%, while RTX Corp. (RTX) followed closely, recording an 8.6% gain.
Medpace Holdings Inc. (MEDP), Coinbase Global Inc. (COIN), and Skechers USA Inc. Cl A (SKX) were also exhibiting strong performance with gains exceeding 7%. In contrast, Hexcel Corp. (HXL) and VMware Inc. (VMW) faced early declines, with 7.4% and 5.3% drops, respectively.
The outlook for the broader market was optimistic, as S&P 500 futures indicated a 0.56% increase, accompanied by a 0.44% rise in Dow Jones Industrial Average futures. Meanwhile, the Cboe Volatility Index futures showed a 5.67% decline, suggesting increased market stability.
Turning to the commodities market, Brent crude oil futures demonstrated a 0.48% uptick, while gold futures experienced a 0.87% decrease. Bitcoin stood out, surging by an impressive 9.61% to reach $34,607.
The 10-Year Treasury yield showed a notable climb, reaching 4.865%.
Recapping the previous regular trading session, the S&P 500 and the Dow experienced slight declines of 0.17% and 0.58%, respectively. However, the Asian stock markets presented a different picture, with Japan’s NIKKEI 225 Index showing a 0.20% increase, and China’s Shanghai Composite Index rising by 0.78% overnight.
In the European markets, afternoon trading brought mixed results, with the STOXX Europe 600 Index advancing by 0.21%, while the FTSE 100 Index saw a minor decline of 0.06% compared to the previous close.
Keep an eye on the U.S. stock markets as they open for trading at 9:30 a.m. ET. For real-time updates and comprehensive coverage of the trading day, visit Barron’s.
