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Futures Advance Pre-Bell as Investors Await Inflation Data; Asia Down, Europe Strong
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Futures Advance Pre-Bell as Investors Await Inflation Data; Asia Down, Europe Strong
Sep 11, 2024 12:33 AM

07:07 AM EDT, 09/09/2024 (MT Newswires) -- The benchmark US stock measures were tracking in the green before the opening bell Monday, as investors prepare for the release of key inflation data later in the week.

Standard & Poor's 500 rose 0.7%, the Nasdaq increased 0.9% and the Dow Jones Industrial Average added 0.6% in the premarket. The majority of Asian exchanges were trending downwards, while European bourses were pointing higher.

Traders await the consumer price index for August on Wednesday, followed by the producer price index for the same month on Thursday. Last week, data showed the US economy added fewer jobs than estimated in August.

Monday's economic calendar has the wholesale inventories report for July at 10 am ET, while the Federal Reserve's consumer credit bulletin, also for July, posts at 3 pm.

Shares of Palantir Technologies ( PLTR ) and Dell Technologies ( DELL ) gained 6.7% and 6%, respectively, pre-bell after it was disclosed last week that they will be added to the S&P 500 before the start of trading on Sept. 23. GameStop ( GME ) declined 2.8%, while Boeing ( BA ) spiked 6.1% and Summit Therapeutics ( SMMT ) surged 51%.

Oracle (ORCL) and Rubrik ( RBRK ) report their latest financial results in the afterhours.

Before the open, bitcoin inclined 1.9% to $55,380, West Texas Intermediate crude oil moved up 0.6% to $68.04 per barrel, yields on 10-year Treasuries climbed 4.3 basis points to 3.75% and gold edged down 0.1% to $2,523 an ounce.

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