Futures on the
gained 230 points, or 0.7%, while
futures rose 0.4% and
futures advanced 0.4%
On Monday, all three major indexes fell more than 1% each. Investors feared the Delta variant of Covid-19, sending not only stocks lower, but also bond yields, which typically rise and fall with expectations for inflation and economic demand. The 10-year Treasury yield fell to as low as 1.18%.
Tuesday, markets seemed to calm, with equity futures rising. “Equity futures are cautiously rebounding,” writes
founder of Sevens Report Research.
Here are five stocks making moves in Tuesday’s premarket action:
) stock rose 3.3% after reporting a profit of $2.33 a share, beating estimates for $2.29 a share, on sales of $18.75 billion, above expectations for $18.3 billion.
(TRV) stock gained 1.2% after reporting a profit of $3.45 a share, beating estimates for $2.39 a share, on sales of $8.7 billion, above the expected $7.5 billion.
(SPG) stock gained 1.8% after getting upgraded to Buy from Hold at Stifel.
(RKT) stock dropped 3.6% after getting downgraded to Underperform from Neutral at Wedbush.
(ED) stock dropped 0.4% after getting downgraded to Underweight from Sector Weight at KeyBanc Capital Markets.
Write to Jacob Sonenshine at firstname.lastname@example.org