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Stocks Rebound Pre-Bell as Traders Await Release of Economic Reports; Asia Mostly Up, Europe Strong
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Stocks Rebound Pre-Bell as Traders Await Release of Economic Reports; Asia Mostly Up, Europe Strong
Mar 26, 2024 4:27 AM

07:10 AM EDT, 03/26/2024 (MT Newswires) -- US equity futures rebounded in premarket trading Tuesday as investors seek to recover from the decline in Monday's session and take positions ahead of several key economic reports.

Standard & Poor's 500 futures gained 0.4%, the Dow Jones Industrial Average rose 0.3% and the Nasdaq added 0.5% before the opening bell. Most Asian exchanges were tracking in the green, while European bourses were trending higher midday on the continent.

Tesla (TSLA) increased 3.1% pre-bell after Chief Executive Elon Musk reportedly said the electric vehicle maker will offer US customers a one-month free trial of its driver-assist technology. Krispy Kreme (DNUT) climbed 16% with the donut retail chain agreeing to supply product to McDonald's (MCD) restaurants nationwide by the end of 2026. Reddit (RDDT) jumped 8.4% while MicroStrategy (MSTR) was 5.1% higher.

McCormick (MKC), TD Synnex (SNX) and GDS Holdings (GDS) report their latest financial results before the bell, among others. Concentrix (CNTX), GameStop (GME) and Progress Software (PRGS) post earnings in the afterhours.

On the economic calendar, the durable goods orders for February is out at 8:30 am ET. The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for January, post at 9 am.

The Conference Board's Consumer Confidence report and the Richmond Federal Reserve Manufacturing Index, both for this month, are scheduled for a 10 am release.

Before the open, bitcoin edged up 0.1% to $70,909, West Texas Intermediate crude dipped 0.1% to $81.86 a barrel, yields on 10-year Treasuries slipped 2.3 basis points to 4.23% and gold increased nearly 1% to $2,218 an ounce.

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