Category: Forex News, News

US stocks set to open higher

By Published On: February 7, 20240.8 min read0 Comments on US stocks set to open higher

  • Dow Industrial Average futures are implying up 100 points
  • S&P index futures are implying a gain of 20.25 points
  • NASDAQ index futures are implying a gain of 106 points

Yields are trading higher by about one – two basis points across the yield curve.

Apple is reportedly building prototypes for a foldable/clamshell iPhone, but not on production plans for 2024 or 2025. Apple shares are up 1.73% in premarket trading.

There is a number of fed speakers on tap today including Barkin, Mester, Kugler.

US 10 year note auction will take place at 1 PM ET. The three year note auction was met with better-than-trend demand especially from international buyers.

  • Snap shares are down sharply in premarket trading after disappointing earnings (-31.23%)
  • Hilton shares are trading down -1.35% after announcing their earnings
  • Alibaba is also lower after earnings. Premarket shares are trading down -4.36%
  • Uber shares are also lower by -4.37%. (so how are indices higher).
  • Fortinet shares are higher by over 7% after reporting better earnings after the close

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