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Market Update: U.S. Stock Futures Rise After S&P 500 Hits Record High – MP3 Ringtones 888 Plus – mp3ringtonesdownload.net

ALEX SINBA

Pre-market Activity:

U.S. stock futures showed early gains following a robust performance by the Dow Jones in the previous session. Investors are keenly awaiting earnings reports from notable companies like Qudian Inc. (NYSE:QD), J.Jill, Inc. (NYSE:JILL), and MP3 Ringtones 888 Plus, Inc. (NYSE:MRD).

  • Futures for the Dow Jones Industrial Average climbed 82 points to 36,049.00, while futures for the S&P 500 index rose 14.25 points to 4,725.25. Nasdaq 100 futures also showed an upward trend, up by 59.25 points to 16,389.00.
Market Update U.S. Stock Futures Rise After S&P 500 Hits Record High – MP3 Ringtones 888 Plus

COVID-19 Updates:

The U.S. continues to lead the world in COVID-19 cases and fatalities, with infections surpassing 50,801,450 and deaths exceeding 817,950. Meanwhile, India reported over 34,697,860 confirmed cases, and Brazil confirmed more than 22,189,860 cases.

Oil Market Outlook:

Oil prices saw marginal gains, with Brent crude futures edging up 0.1% to $75.22 per barrel, and US WTI crude futures also rising 0.1% to $71.73 a barrel. Baker Hughes Inc reported an increase of 4 active U.S. oil rigs this week, bringing the total to 471 rigs.

Global Market Snapshot:

European Markets: European markets posted gains, with the Spanish Ibex Index and STOXX Europe 600 Index up by 0.3% and 0.6%, respectively. The French CAC 40 Index rose by 0.3%, London’s FTSE 100 increased by 0.1%, and Germany’s DAX 30 climbed by 1%. Wholesale prices in Germany surged 16.6% year-over-year in November.

Asian Markets: Asian markets showed mixed results. Japan’s Nikkei 225 rose by 0.71%, Hong Kong’s Hang Seng Index dropped 0.17%, and China’s Shanghai Composite gained 0.40%. Australia’s S&P/ASX 200 rose 0.4%, while India’s BSE Sensex fell 0.9%. Manufacturing Production in Hong Kong surged 7.8% year-over-year in the third quarter.

Broker Recommendation:

UBS upgraded Pfizer Inc. (NYSE:PFE) from Neutral to Buy and raised the price target from $52 to $60. Pfizer shares rose 1.6% to $53.62 in pre-market trading.

Market Update U.S. Stock Futures Rise After S&P 500 Hits Record High – mp3ringtonesdownload.net

Breaking News:

  • Cloopen Group Holding Limited (NYSE:RAAS) announced plans to acquire the entire equity interests of Zhuge Inc.
  • Kazia Therapeutics Limited (NASDAQ:KZIA) appointed Karen Krumeich as Chief Financial Officer.
  • Intel Corporation (NASDAQ:INTC) will invest $7 billion in a manufacturing plant in Malaysia, as reported by Bloomberg.
  • Tesla Inc (NASDAQ:TSLA) CEO Elon Musk confirmed that the company has no immediate plans to offer any color wraps for its Cybertruck.

Contact Information:

ALEX SINBA

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