S&P 500 Futures Climb in Premarket Trading; Avidity Biosciences, BridgeBio Pharma Lead

With U.S. stock markets set to open in two hours, Avidity Biosciences Inc. (RNA) was up 43.6% in pre-market trading, and BridgeBio Pharma Inc. (BBIO) was up 10.6%.

GameStop Corp. Cl A (GME), Lumentum Holdings Inc. (LITE), and Fermi Inc. (FRMI) were all posting gains of at least 7%. In early trading, XP Inc. Cl A (XP) and MP Materials Corp. (MP) had posted declines, falling 6.8% and 5.5%, respectively.

Meanwhile S&P 500 futures were up 0.83%, with futures for the Dow Jones Industrial Average rising 0.51%. The Cboe Volatility Index futures were down 0.85%.

In commodities news, Brent crude oil futures were down 0.49%, and gold futures were down 2.31%. climbed 1.44% to $115,240.

The 10-Year Treasury yield rose to 4.034%.

In the previous regular trading session, the and the were up 0.79% and 1.01%, respectively. Stocks in Asia were up overnight, with Japan’s NIKKEI 225 Index up 2.46% and China’s Shanghai Composite Index rising 1.18%.

In afternoon trading, stocks in Europe are mixed, with the STOXX Europe 600 Index rising 0.07% and the FTSE 100 Index declining 0.01% 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.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.