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Stock Futures Rise as Rebound Continues; Asia, Europe Up
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Stock Futures Rise as Rebound Continues; Asia, Europe Up
Aug 9, 2024 4:50 AM

07:25 AM EDT, 08/09/2024 (MT Newswires) -- The benchmark US stock measures were tracking in the green before Friday's open, extending the prior session's gains as markets are poised to end a turbulent trading week on a positive note.

The S&P 500 rose 0.2%, the Dow Jones Industrial Average edged up 0.1% and the Nasdaq added 0.3% before the bell. Asian exchanges were mostly trending higher, while European bourses were heading north midday on the continent.

Shares of Palantir Technologies ( PLTR ) gained 1.5% pre-bell after closing Thursday's trading session up 11% as it expanded its partnership with Microsoft ( MSFT ) to offer various cloud, artificial intelligence and analytics services to the US defense and intelligence communities. The Trade Desk ( TTD ) jumped 7.2% and Take-Two Interactive Software ( TTWO ) climbed 6.4% after reporting quarterly results.

Evergy ( EVRG ) , Legend Biotech ( LEGN ) , New Fortress Energy ( NFE ) , Construction Partners ( ROAD ) and Getty Images ( GETY ) post their latest earnings before the bell, among others. Envestnet ( ENV ) and Hawaiian Electric Industries ( HE ) are scheduled to post results after markets close.

Friday's thin economic calendar has the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm ET.

Before the opening bell, bitcoin increased 1.5% to $60,595, West Texas Intermediate crude oil nudged 0.2% higher to $76.35 a barrel, yields on 10-year Treasuries dropped 4.2 basis points to 3.96% and gold rose 0.2% to $2,469 an ounce.

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