A Peek Into The Markets: US Stock Futures Higher Ahead Of Walmart Earnings

Pre-open movers

U.S. stock futures traded higher in early pre-market trade after the Nasdaq jumped more than 400 points in the previous session. Investors are awaiting earnings results from Walmart Inc. (NYSE:WMT) and Keysight Technologies, Inc. (NYSE:KEYS).

Check out our premarket coverage here

Futures for the Dow Jones Industrial Average jumped 492 points to 32,652.00 while the Standard & Poor’s 500 index futures rose 70.50 points to 4,075.25. Futures for the Nasdaq index jumped 259.75 points to 12,504.50.

Oil prices traded mixed as Brent crude futures rose 0.1% to trade at $114.26 per barrel, while US WTI crude futures fell 0.2% to trade at $114.00 a barrel.

The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 84,357,600 with around 1,026,890 deaths. India reported a total of at least 43,125,370 confirmed cases, while Brazil confirmed over 30,701,900 cases.

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A Peek Into Global Markets

Asian markets traded higher today. Japan’s Nikkei 225 rose 0.42%, Hong Kong’s Hang Seng Index climbed 3.13% and China’s Shanghai Composite Index rose 0.65%. Australia’s S&P/ASX 200 rose 0.3% and India’s S&P BSE Sensex rose 1.9%. The annual wholesale price inflation rate in India accelerated to 15.08% in April from 14.55% a month ago.


Broker Recommendation

Keybanc maintained Palo Alto Networks, Inc. (NASDAQ:PANW) with an Overweight and lowered the price target from $729 to $610.

Palo Alto shares rose 2.8% to $481.29 in pre-market trading.

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