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Stocks Rise Pre-Bell Ahead of Key Jobs Data; Asia Churns, Europe Mostly Up
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Stocks Rise Pre-Bell Ahead of Key Jobs Data; Asia Churns, Europe Mostly Up
Mar 11, 2025 4:21 AM

07:01 AM EDT, 03/11/2025 (MT Newswires) -- US benchmark equity indexes were pointing higher before Tuesday's open as traders await the release of a key labor market report.

Standard & Poor's 500 rose 0.4%, the Dow Jones Industrial Average inclined 0.3% and the Nasdaq added 0.5% in premarket activity. Asian exchanges were mixed to lower while European bourses were mostly heading north midday on the continent.

The Job Openings and Labor Turnover Survey for January is scheduled for a 10 am ET release. Last week, government data showed that the US economy added 151,000 nonfarm jobs in February, falling short of Wall Street's expectations.

Also on Tuesday's economic calendar, the National Federation of Independent Business small business optimism index showed a 2.1-point decrease in February to 100.7. Last month's consumer price index and producer price index are due later this week.

Shares of Tesla (TSLA) rebounded 2.8% pre-bell after the electric vehicle maker closed the previous trading session down 15%. Oracle (ORCL) declined 1.8% as the software maker's fiscal third-quarter results missed market estimates. Delta Air Lines ( DAL ) fell 11% as the company slashed its first-quarter earnings and revenue outlook.

Ferguson Enterprises ( FERG ) , Viking Holdings ( VIK ) , Dick's Sporting Goods (DKS), Ciena (CIEN), Legend Biotech ( LEGN ) , Korn Ferry ( KFY ) , United Natural Foods ( UNFI ) and Kohl's (KSS) report their latest financial results before the bell, among others. Caseys General Stores ( CASY ) posts earnings after the markets close.

Before the opening bell, bitcoin advanced 3.7% to $81,730, West Texas Intermediate crude oil gained 1.1% to $66.77 a barrel, yields on 10-year Treasuries inched 0.4 basis points higher to 4.22% and gold increased 0.6% to $2,918 an ounce.

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