February 1, 2021 3:45 AM ET
US futures rose on Monday, suggesting that major benchmarks will regain ground after the worst week in October.
The S&P 500 futures rose 0.7% and the Dow Jones Industrial Average rose 0.6%. Contracts related to the highly technological Nasdaq-100 index gained 0.7%. Forward changes do not necessarily provide for movements after the opening of markets.
Silver futures have risen more than 11 percent since Friday’s close, fueled by a wave of fresh excitement from online retailers. Silver rallied in recent trading sessions after users of Reddit’s WallStreetBets forum posted a “short press” similar to those credited with fueling recent gains from other popular stocks on the Internet.
Elsewhere, Brent International Crude Oil rose 1.1% to $ 55.63 a barrel. Gold also gained 0.8% to $ 1,866.00 an ounce.
Abroad, the Stoxx Europe 600 rose 0.9% shortly after the market opened. The industrial and energy sectors led to gains, while the real estate sector lost ground. The UK FTSE 100 gained 0.4%.
The Swiss franc was largely flat against the US dollar, with the franc buying $ 1.12. The euro was down 0.1% against the dollar, with the euro buying $ 1.21. The pound rose 0.1% against the US dollar, with the pound buying for $ 1.37.
10-year German yields fell to minus 0.518% from minus 0.515%, and 10-year yields fell to 0.323% from 0.329%. 10-year US Treasury yields rose from 1.064% to 1.082%. Yields are reversed from prices.
Asian indicators have risen largely. Hong Kong’s Hang Seng gained 2.2%, Japan’s Nikkei 225 index rose 1.6%, and China’s Shanghai Composite benchmark rose 0.6%.
GameStop and other stocks and assets have been volatile, as online investors are betting big on Reddit forums.
Photo:
Andre M. Chang / Zuma Press
—An artificial intelligence tool was used to create this article.
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