Stock index futures are pointing higher this morning, rebounding from recent losses driven by trade tensions. Commerce Secretary Howard Lutnick’s hints at potential tariff relief for Canada and Mexico have bolstered investor sentiment, suggesting a possible easing of trade disputes.
In the commodities market, gold prices continue to rise, driven by safe-haven demand amid ongoing geopolitical uncertainties. Gold futures for April delivery reached $2,929.3 per troy ounce this morning, up from the previous close of $2,920.6. Conversely, oil prices have declined for a third consecutive session. This downturn is attributed to a decision for OPEC+ to increase production starting in April and lingering concerns over U.S. tariffs impacting global economic growth. Brent crude fell 0.81% to $71.04 per barrel, while West Texas Intermediate crude decreased 0.16% to $68.26 per barrel.
In pre-market trading, S&P 500 futures rose 0.9%, Nasdaq futures rose 0.2% and Dow futures rose 0.3%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly.
UP AFTER EARNINGS –
- Full Truck Alliance (YMM) up 8%
- Campbell’s (CPB) up 6%
- REV Group (REVG) up 6%
- Brown-Forman (BF.B) up 2%
- Foot Locker (FL) up 1%
- Dine Brands (DIN) up 1%
DOWN AFTER EARNINGS –
- Thor Industries (THO) down 10%
- Arbe Robotics (ARBE) down 8%
- Abercrombie & Fitch (ANF) down 7%
- CrowdStrike (CRWD) down 7%
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPB:
- Campbell’s sees 2H organic net sales sequentially improving from Q2
- Campbell’s says ‘confident’ in Rao’s becoming next $1B brand
- Campbell’s now sees cost savings for FY $120M vs. prior view of $90M
- Campbell’s sees snacks margin improving sequentially throughout 2H
- Campbell’s ‘confident’ in plans for 2H
Questions or Comments about the article? Write to editor@tipranks.com