US Markets Poised for Positive Open Amid Earnings and Oil Price Volatility
US markets are poised to open on a positive note, according to Investing.com data. The Dow Jones futures are trading 0.10% higher at 53,451 points ahead of the opening bell on Wednesday, indicating a 100-point higher opening compared to the previous US equity market close.
The S&P 500 index futures are trading 0.02% higher at 7,715 points, which suggests a 20-point higher opening on Wednesday's market. However, the tech-heavy Nasdaq 100 futures have declined 0.25% to 29,511 points, potentially leading to a flat or marginally higher opening.
The Dow Jones Industrial Average closed 0.22% lower at 53,343.40 points after Tuesday's trading session, while the S&P 500 index closed 0.69% lower at 7,691.76 points. The Nasdaq 100 index dropped to end 1.68% lower at 29,490.96 points.
SK Hynix ADR shares have surged more than 6% in the pre-market session due to a $29 billion buyback announcement by the company. Merck & Co. shares are up over 8% as investors react to positive trial results for its adjuvant melanoma treatment. Moderna shares have gained over 58% following news of successful trials.