Pre-open movers
The Federal Open Market Committee will begin its two-day policy meeting today. Data on housing starts, permits and current account will be released at 8:30 a.m. ET.
Futures for the Dow Jones Industrial Average jumped 328 points to 34,167.00 while the Standard & Poor’s 500 index futures gained 38.75 points to 4,387.00. Futures for the Nasdaq 100 index rose 130.25 points to 15,139.75.
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 42,289,820 with around 676,090 deaths. India reported a total of at least 33,504,530 confirmed cases, while Brazil confirmed over 21,247,660 cases.
Oil prices traded higher as Brent crude futures rose 1.5% to trade at $75.04 per barrel, while US WTI crude futures rose 1.8% to trade at $71.52 a barrel. The API’s report on crude oil inventories will be released later during the day.
A Peek Into Global Markets
European markets were higher today. The Spanish Ibex Index rose 1.2% and STOXX Europe 600 Index climbed 1.1%. The French CAC 40 Index surged 1.4%, London’s FTSE 100 gained 1% while German DAX 30 climbed 1.4%. Public sector net borrowing in the UK fell to GBP 20.5 billion in August, GBP 5.5 billion less than a year ago.
Asian markets traded mostly higher today. Japan’s Nikkei 225 dipped 2.17%, while Hong Kong’s Hang Seng Index gained 0.69%. Australia’s S&P/ASX 200 gained 0.4% and India’s BSE Sensex rose 0.5%.
Broker Recommendation
Loop Capital initiated coverage on AT&T Inc. (NYSE:T) with a Hold rating and announced a price target of $30.
AT&T shares rose 0.5% to $27.35 in pre-market trading.
Check out other major ratings here
Breaking News
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
