S&P 500 Futures Climb in Premarket Trading; Exelixis, Summit Therapeutics Lag

With U.S. stock markets set to open in two hours, Cleveland-Cliffs Inc. (CLF) was up 8.3% in pre-market trading, and Hut 8 Corp. (HUT) was up 6.1%.

Primo Brands Corp. (PRMB), Rocket Lab Corp. (RKLB), and Sandisk Corp. (SNDK) were all posting gains of at least 5%. In early trading, Exelixis Inc. (EXEL) and Summit Therapeutics Inc. (SMMT) had posted declines, falling 11.1% and 5.9%, respectively.

Meanwhile S&P 500 futures were up 0.26%, with futures for the Dow Jones Industrial Average rising 0.16%. The Cboe Volatility Index futures were down 6.90%.

In commodities news, Brent crude oil futures were down 0.77%, while gold futures were up 1.49%. was up 1.63% to $110,747.

The 10-Year Treasury yield held steady at 4.014%.

In the previous regular trading session, the and the were up 0.53% and 0.52%, respectively. Stocks in Asia were up overnight, with Japan’s NIKKEI 225 Index up 3.37% and China’s Shanghai Composite Index rising 0.63%.

In afternoon trading, stocks in Europe are up, with the STOXX Europe 600 Index increasing 0.56% and the FTSE 100 Index increasing 0.36% 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.