Stock Market Update
This article provides a detailed update on the current movements in the U.S. stock market, highlighting gains in Western Alliance Bancorp. and Alphabet Inc. as well as declines in Snap Inc. and Robert Half Inc.
As U.S. stock markets prepare to open in two hours, there are several notable movements in pre-market trading. Western Alliance Bancorp. (WAL) has seen a 6.4% increase, while Alphabet Inc. Cl A (GOOGL) has gone up by 6.2%.
Other companies experiencing gains include Alphabet Inc. Cl C (GOOG), Inspire Medical Systems Inc. (INSP), and Pinnacle Financial Partners Inc. (PNFP), with each seeing at least a 5% increase. On the other hand, Snap Inc. (SNAP) and Robert Half Inc. (RHI) have both faced declines, with SNAP falling by 17.4% and RHI falling by 10.2%.
Looking at futures, the S&P 500 is down 0.14% and the Dow Jones Industrial Average is down by 0.20%. Additionally, the Cboe Volatility Index futures have decreased by 1.91%.
Moving on to commodities news, Brent crude oil futures have dropped by 1.05%, while gold futures have increased by 0.55%. Bitcoin also experienced a slight decrease of 0.14%, now valued at $29,190.
In the treasury market, the 10-Year Treasury yield has slipped to 3.890%.
During the previous regular trading session, the S&P 500 and the Dow saw increases of 0.28% and 0.08% respectively. However, stocks in Asia exhibited a downward trend, with Japan's NIKKEI 225 Index falling by 0.04% and China's Shanghai Composite Index falling by 0.26%.
As of afternoon trading, European stocks are also down, with the STOXX Europe 600 Index declining by 0.97% and the FTSE 100 Index falling by 0.71% compared to the previous close.
U.S. stock markets will commence trading at 9:30 a.m. ET. For the latest updates throughout the trading day, visit our website.