U.S. stock futures were up in premarket, despite concerns over global growth, inflation and risks from China.
Global energy prices are still causing concerns over inflation. Investors worry that rising inflation might make central banks stop the stimulus sooner than expected.
Evergrande missed its third bond payment on Tuesday. The company has over $100 million in bond payments due before the end of the year, signaling that only rescue from the Chinese state might save it from bankruptcy.
|S&P 500 Futures||4,356.25||6.25||0.14%|
U.S. Dollar and Treasuries
The yield on the 10-year Treasury fell one basis point. The dollar was stable against a basket of major currencies.
|U.S. Dollar Index (DXY):||94.32||(UNCH)|
|U.S. 1 Year Treasury Bill||0.098%||0.004||0.094%|
|U.S. 2 Year Treasury Note||0.342%||0.028||0.314%|
|U.S. 5 Year Treasury Note||1.066%||0.005||1.061%|
|U.S. 10 Year Treasury Note||1.603%||-0.010||1.613%|
|U.S. 20 Year Treasury Bond||2.088%||-0.020||2.108%|
|U.S. 30 Year Treasury Bond||2.138%||-0.029||2.166%|
Stocks To Watch
Shares of several casino companies rose after the announcement that vaccinated Americans would soon be allowed to travel to Singapore. Las Vegas Sands owns a luxury resort in the country’s gambling mecca Marina Bay.
Shares of MGM Resorts International rose in premarket trading, as the company expands its online gambling business with its BetMGM initiative. MGM is also present at Marina Bay.
Shares of the pharmaceutical company Merck rose as the company asked FDA for emergency use authorization for its COVID pill.
Nike stock rose after investment bank Goldman Sachs rated the company as a “buy” and giving it a $172 price target.
|MGM||MGM Resorts International||$45.45||2.32%||74,455|
|LVS||Las Vegas Sands Corp||$39.75||1.69%||19,695|
|MRK||Merck & Co Inc||$80.98||1.31%||65,793|
Commodities To Watch
Oil held above $80 as the global energy crunch continues. Gold rose.
|WTI Crude Oil||$80.71||0.24%|
|Brent Crude Oil||$83.73||0.10%|
Bitcoin is continuing to rally past $57,000. The global crypto market cap is $2.29T, a 1.13% decrease over the last day. Bitcoin’s dominance is currently 47 01%, an increase of 1 33% over the day.
|Symbol||Price||Chg. %||Market Cap.|