Live Markets: Futures point to slightly higher US open

Legrand SA

06/11/2025 14:18

U.S. equity index futures rise slightly: Nasdaq 100 up ~0.4%

STOXX 600 down 0.2%

Gold gains; dollar slips; crude flat; bitcoin drops

U.S. 10-Year Treasury yield dips to ~4.121%

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FUTURES POINT TO SLIGHTLY HIGHER US OPEN

U.S. stocks were indicating a modestly higher open on Thursday, supported by the latest batch of quarterly earnings, but continued worries about lofty valuation levels and a dearth of economic data due to the ongoing government shutdown capped gains.

On the earnings front, Datadog  DDOG.O surged nearly 20% in premarket trade after posting third-quarter earnings that topped expectations and forecast fourth-quarter earnings above Wall Street estimates on Thursday, betting on strong demand for its cloud-security products from businesses adopting artificial intelligence technology.

Moderna  MRNA.O shares rallied about 7% before the opening bell after reporting quarterly results that bested expectations, although it lowered the top-end of its full-year revenue forecast.

On the downside, Qualcomm  QCOM.O shed 1.2% after it forecast quarterly sales and profit above market expectations as premium smartphone sales rebounded, but a possible loss of business next year from key customer Samsung weighed.

On the economic front, global outplacement firm Challenger, Gray & Christmas said planned layoffs surged 183% to 153,074 last month, marking the highest level for the month in 22 years, as companies sought to cut costs and embrace artificial intelligence.

Without government data, Chicago Federal Reserve President Austan Goolsbee said the lack of inflation readings during the government shutdown "accentuates" his caution about cutting interest rates further, echoing recent comments from several Fed officials, including Chair Jerome Powell.

Below is your premarket snapshot:

(Chuck Mikolajczak)

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SPOTLIGHT ON KNIFE-EDGE BOE DECISION CLICK HERE

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Premarket levels Nov 6 https://fingfx.thomsonreuters.com/gfx/mkt/mopabnebzva/Pasted%20image%201762436706166.png