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03 Aug, 2021 12:32

US pre-open: Futures trade higher as economic growth worries subside

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Wall Street futures were in the green ahead of the bell on Tuesday as a rebounding 10-year Treasury yield eased fears about a deceleration in economic growth figures.

As of 1230 BST, Dow Jones futures were up 0.46%, while S&P 500 and Nasdaq-100 futures were 0.34% and 0.07% higher, respectively.

The Dow closed 97.31 points lower on Friday amid concerns around slowing economic growth.

In focus ahead of the bell, the yield on the benchmark 10-year Treasury note increased to 1.196% in pre-market trading after having almost hit a five-month low on Monday.

The rapidly spreading Covid-19 Delta variant was also continuing to draw an amount of investor attention, with the seven-day average of daily coronavirus cases in the US reaching 72,790 last week, surpassing last summer's peak.

Reopening plays were in the green once again on Tuesday, with the likes of Carnival, American Airlines and Delta all trading higher prior to the open.

On the macro front, June factory orders data will be posted at 1500 BST, while Federal Reserve vice chairman Richard Clarida will deliver a speech at 1900 BST.

In the corporate space, Under Armour, Lyft, Eli Lilly and Amgen will all report on Tuesday.

Dow Jones - Risers

Goldman Sachs Group Inc. (GS) $378.19 0.88%
Unitedhealth Group Inc. (UNH) $415.68 0.81%
Nike Inc. (NKE) $168.75 0.74%
International Business Machines Corporation (CDI) (IBM) $141.42 0.33%
Cisco Systems Inc. (CSCO) $55.45 0.14%
Johnson & Johnson (JNJ) $172.27 0.04%
Travelers Company Inc. (TRV) $148.92 0.02%
Honeywell International Inc. (HON) $230.94 0.00%
Dowdupont Inc. (DWDP) $30.52 0.00%
Microsoft Corp. (MSFT) $284.82 -0.03%

Dow Jones - Fallers

Visa Inc. (V) $239.78 -2.68%
Dow Chemical Co. (DOW) $61.22 -1.51%
McDonald's Corp. (MCD) $240.10 -1.08%
Merck & Co. Inc. (MRK) $76.18 -0.90%
Caterpillar Inc. (CAT) $205.16 -0.77%
American Express Co. (AXP) $169.27 -0.74%
Amgen Inc. (AMGN) $239.78 -0.72%
Walgreens Boots Alliance, Inc. (WBA) $46.83 -0.68%
Boeing Co. (BA) $225.34 -0.50%
Salesforce.Com Inc. (CRM) $240.86 -0.44%

S&P 500 - Risers

Dxc Technology Company (DXC) $42.61 6.58%
Fortinet Inc. (FTNT) $284.62 4.55%
Ralph Lauren Corp (RL) $117.99 3.94%
Nordstrom Inc. (JWN) $34.30 3.63%
Under Armour, Inc. (UA) $18.10 3.31%
Under Armour Inc. Class A (UAA) $21.11 3.23%
Citrix Systems Inc. (CTXS) $103.57 2.80%
Pfizer Inc. (PFE) $43.96 2.69%
Msci Inc. (MSCI) $610.92 2.51%
Centene Corp. (CNC) $70.31 2.48%

S&P 500 - Fallers

Global Payments Inc. (GPN) $171.79 -11.18%
Fidelity National Information Services Inc. (FIS) $139.12 -6.66%
Fiserv Inc. (FISV) $109.75 -4.66%
Mosaic Company (MOS) $29.92 -4.19%
Freeport-McMoRan Inc (FCX) $36.62 -3.88%
Hess Corp. (HES) $73.78 -3.48%
General Electric Co. (GE) $100.60 -2.90%
Mastercard Incorporated (MA) $375.26 -2.77%
CF Industries Holdings Inc. (CF) $45.96 -2.73%
Hilton Inc (HLT) $127.87 -2.72%

Nasdaq 100 - Risers

Tesla Inc (TSLA) $709.67 3.27%
Citrix Systems Inc. (CTXS) $103.57 2.80%
NetEase Inc. Ads (NTES) $105.06 2.77%
Baidu Inc. (BIDU) $166.61 1.59%
Skyworks Solutions Inc. (SWKS) $187.33 1.53%
Biogen Inc (BIIB) $331.70 1.52%
Applied Materials Inc. (AMAT) $142.01 1.49%
Incyte Corp. (INCY) $78.47 1.45%
Henry Schein Inc. (HSIC) $81.23 1.35%
Microchip Technology Inc. (MCHP) $144.99 1.31%

Nasdaq 100 - Fallers

Fiserv Inc. (FISV) $109.75 -4.66%
Paypal Holdings Inc (PYPL) $270.99 -1.65%
Vertex Pharmaceuticals Inc. (VRTX) $198.32 -1.62%
American Airlines Group (AAL) $20.06 -1.57%
Ross Stores Inc. (ROST) $121.01 -1.37%
Facebook Inc. (FB) $351.95 -1.22%
Cintas Corp. (CTAS) $389.37 -1.22%
PACCAR Inc. (PCAR) $82.09 -1.07%
Expedia Group Inc. (EXPE) $159.19 -1.04%
Activision Blizzard Inc. (ATVI) $82.76 -1.03%


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.