A Peek Into The Markets: US Stock Futures Edge Higher Following Tech-Driven Rally

Pre-open movers

The Labor Department's JOLTS report for October will be released at 10:00 a.m. ET. Analysts expect job openings declining slightly to 10.400 million in October from September's 10.438 million.

Futures for the Dow Jones Industrial Average gained 41 points to 35,754.00 while the Standard & Poor’s 500 index futures rose 9.50 points to 4,694.50. Futures for the Nasdaq 100 index climbed 50.50 points to 16,368.50.

The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 50,270,130 with around 812,200 deaths. India reported a total of at least 34,656,820 confirmed cases, while Brazil confirmed over 22,157,720 cases.

 

A Peek Into Global Markets


European markets were mostly higher today. The Spanish Ibex Index slipped 0.2% and STOXX Europe 600 Index gained 0.4%. The French CAC 40 Index climbed 0.4%, London’s FTSE 100 rose 0.4% while German DAX 30 slipped 0.1%. Payroll employment in the French private sector rose 0.5% to 19.93 million in the third quarter.


Broker Recommendation

Keybanc downgraded Stitch Fix, Inc. (NASDAQ:SFIX) from Overweight to Sector Weight.

Stitch Fix shares fell 22.7% to $19.30 in pre-market trading.

Check out other major ratings here

 

Breaking News

Check out other breaking news here

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.