S&P 500 Futures Climb in Premarket Trading; Moog, Kymera Therapeutics Lead

With U.S. stock markets set to open in two hours, Moog Inc. Cl A (MOG.A) was up 17.7% in pre-market trading, and Kymera Therapeutics Inc. (KYMR) was up 16.1%.

EchoStar Corp. (ECHO), Tower Semiconductor Ltd. (TSEM), and Cirrus Logic Inc. (CRUS) were all posting gains of at least 6%. In early trading, Verisk Analytics Inc. (VRSK) and Portland General Electric Co. (POR) had posted declines, falling 12.4% and 9.2%, respectively.

Meanwhile S&P 500 futures were up 0.40%, with futures for the Dow Jones Industrial Average rising 0.37%. The Cboe Volatility Index futures were up 7.47%.

In commodities news, Brent crude oil futures were down 3.93%, and gold futures were up 0.42%. Bitcoin rose 0.18% to $77,935.

The 10-Year Treasury yield dropped to 4.921%.

In the previous regular trading session, the S&P 500 and the Dow were down 1.82% and 1.09%, respectively. Stocks in Asia were mixed overnight, with Japan’s NIKKEI 225 Index down 0.33% and China’s Shanghai Composite Index up 1.08%.

In afternoon trading, stocks in Europe are down, with the STOXX Europe 600 Index falling 0.13% and the FTSE 100 Index falling 0.17% 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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