With overnight US equity futures rising for a 5th straight day, tracking global markets, the Emini climbed to a new all time high as investors parsed through a flurry of corporate results amid signs the U.S. labor market may be gradually improving, while covid news continued to improve.
At 7:30 a.m. ET, Dow E-minis were up 146 points, or 0.51%, Nasdaq 100 E-minis were up 51.25 points, or 0.39% and S&P 500 E-minis were up 18.75 points, or 0.49%. Some notable moves:
- Pinterest jumped 11% after the image-sharing company reported better-than-expected quarterly results, benefiting from strong user growth and heavy advertising by e-commerce retailers during the holiday season.
- Johnson & Johnson rose 2.2% after the drugmaker said it had asked U.S. health regulators to authorize its single-dose COVID-19 vaccine for emergency use, and it would apply to European authorities in coming weeks.
- Snapchat dropped about 7% after it warned that upcoming privacy changes by Apple could hurt its ad business.
- GameStop shares were up 8% at $58 after Robinhood eased all trading restrictions.
Categories: News
