U.S. Stocks Up As Investors Grow More Bullish

One a difference a few days off makes.

After a challenging week in the red, with investors wringing their hands over skyrocketing inflation data, U.S. stocks are now poised to rise again. 

Meanwhile, in China, markets plunged due to the government’s announcement that it will break up Ant Group’s Alipay. The move is intended to curb Chinese tech monopolies.  

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There’s been much speculation surrounding the potential of a pull back in September, ahead of October earnings results. But, thus far, investors seem to recognize that the Fed is more interested in employment than in inflation.


U.S. stock futures rose as investors reassessed their outlook.  

Level Chg. Chg. %
DOW Futures 34,678.00 187 0.54%
S&P 500 Futures 4,472.50 23.5 0.53%
Nasdaq Futures 15,510.75 76.75 0.50%

U.S. Dollar and Treasuries

The yield on the 10-year Treasury fell one basis point. The dollar strengthened against a basket of major currencies.

Price Chg. Chg. %
U.S. Dollar Index (DXY): 92.83 +0.25 +0.27%


Yield Change Previous close
U.S. 1 Year Treasury Bill 0.073% -0.003 0.075%
U.S. 2 Year Treasury Note 0.221% 0.000 0.221%
U.S. 5 Year Treasury Note 0.813% 0.002 0.811%
U.S. 10 Year Treasury Note 1.329% -0.013 1.341%
U.S. 20 Year Treasury Bond 1.841% -0.020 1.861%
U.S. 30 Year Treasury Bond 1.914% -0.020 1.934%

Stocks To Watch

Chinese agriculture products supplier Farmmi announced an underwritten public offering of ordinary shares.The company intends to use the proceeds for capital needs and capital expenditures. The stock plunged as a result. 

Leap Therapeutics announced positive data from the Phase 2a clinical trial of DKN-01 antibody in patients with gastric or gastroesophageal junction cancer. The company specializes in targeted immuno-oncology therapeutics. 

Stocks of Aterian rose after being featured in a favorable report on Seeking Alpha. The report highlighted the company’s investments in the AI and machine learning space, stating that these would likely boost the stock price. 

Socks of cybersecurity firm Cyren rose on retail investor interest. Discussions about the company surged on various social media platforms in the past few days. 

Symbol Price Chg. Chg. % Volume
Farmmi Inc FAMI $0.31 -0.2683 -46.66% 35.47M
Leap Therapeutics LPTX $2.04 +0.5800 +39.73% 8.66M
Aterian Inc ATER $14.30 +2.50 +21.19% 4.86M
Cyren Ltd CYRN $0.71 +0.1100 +18.33% 2.42M

Commodities To Watch

Oil rose as concerns over U.S. supply outweigh risks on the demand side. Gold was stable. 

Price Chg. %
WTI Crude Oil $70.12 0.57%
Brent Crude Oil $73.27 0.48%
Natural Gas $5.06 2.53%
Gold $1,791.10 -0.49%
Silver $23.65 -2.18%
Copper $4.42 3.23%
Soybeans $1,280.00 0.75%


Cryptocurrency prices crashed as the crypto market cap fell below $2 trillion. Elon Musk caused a surge of an obscure cryptocurrency Floki Inu, after naming his dog Floki. 

The global crypto market cap is $1.94T, an 8.37% decrease over the last 24 hours. Bitcoin’s dominance is currently 42.93%, an increase of 2.09% in the same period.

Symbol Price Chg. % Market Cap.
Bitcoin BTC $44,948.32 -2.69% $845.69b
Etherium ETH $3,255.32 -5.66% $381.16b
Cardano ADA $2.43 -6.82% $75.51b
Ripple XRP $1.06 -4.09% $46.90b
Dogecoin DOGE $0.2365 -4.42% $31.04b


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