S&P 500 Futures Fall in Premarket Trading; Rocket Lab, SK hynix ADR Lag

With U.S. stock markets set to open in two hours, Penske Automotive Group Inc. (PAG) was up 8.7% in pre-market trading, and Kodiak Sciences Inc. (KOD) was up 4.8%.

GE HealthCare Technologies Inc. (GEHC), Stantec Inc. (STN), and Incyte Corp. (INCY) were all posting gains of at least 4%. In early trading, Rocket Lab Corp. (RKLB) and SK hynix Inc. ADR (SKHY) had posted declines, falling 10.8% and 6.7%, respectively.

Meanwhile S&P 500 futures were down 0.32%, with futures for the Dow Jones Industrial Average rising 0.23%. The Cboe Volatility Index futures were up 7.74%.

In commodities news, Brent crude oil futures were down 1.36%, and gold futures were up 1.70%. Bitcoin slipped 0.97% to $80,916.

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The 10-Year Treasury yield fell to 5.088%.

In the previous regular trading session, the S&P 500 and the Dow were down 1.11% and 0.09%, respectively. Stocks in Asia were down overnight, with Japan’s NIKKEI 225 Index down 4.90% and China’s Shanghai Composite Index falling 1.59%.

In afternoon trading, stocks in Europe are mixed, with the STOXX Europe 600 Index falling 0.28% and the FTSE 100 Index increasing 0.55% from the previous close.

U.S. stock markets open for trading at 9:30 a.m. ET. For regular updates on the trading day, visit Barron’s.

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