1 February 2021 3:45 ET
US stock futures contracts climbed on Monday, suggesting the key benchmarks will recover some ground after their worst week since October.
S&P 500 futures rose 0.7% and Dow Jones Industrial Average futures rose 0.6%. Contracts linked to the technically heavy Nasdaq-100 index rose 0.7%. Changes in futures contracts do not necessarily predict movements after the markets have opened.
Silver futures rose more than 11% at the close on Friday, fueled by a spate of fresh enthusiasm from online retailers. Silver has risen in recent trading sessions after users posted on Reddit’s WallStreetBets forum about performing a ‘short press’ similar to that attributed to recent gains in other stocks that are popular on the internet.
Elsewhere in commodities, the international benchmark for Brent crude rose 1.1% to $ 55.63 a barrel. Gold also gained 0.8% to $ 1,866.00 per troy ounce.
Overseas, the Stoxx Europe 600 climbed 0.9% shortly after the market opened. Operating and energy sectors led to gains while the fixed sector lost. The UK FTSE 100 achieved 0.4%.
The Swiss franc was mostly flat against the US dollar, and one franc bought $ 1.12. The euro fell 0.1% against the dollar, and 1 euro bought 1.21 dollars. The British pound rose 0.1% against the US dollar, and 1 pound bought $ 1.37.
German yields for ten years decreased to minus 0.518% from minus 0.515% and yields for ten years were up to 0.323% from 0.329%. U.S. Treasury yields for ten years rose from 1,064% to 1,082%. Yields move inversely to prices.
Indices in Asia have mostly climbed. Hong Kong’s Hang Seng rose 2.2%, the Japanese Nikkei 225 index rose 1.6%, and China’s benchmark Shanghai Composite rose 0.6%.
GameStop and other stocks and assets were volatile as online investors made huge inroads on Reddit forums.
Photo:
Andre M. Chang / Zuma Press
—An artificial intelligence tool was used to create this article.
Copyright © 2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8