U.S. futures opened higher
2022.12.27 08:17
U.S. futures opened higher
Budrigannews.com – Hope of a Santa rally was sparked by optimism regarding the end of China’s restrictive COVID policies, which led Dow futures to rise in the first week of the year.
Were at 33407 at 06:20 ET (11:20 GMT), up 230 points, or 0.7%. were also up 0.65% as they traded 0.7 percent higher. were 1% higher.
As of January 8th, 2023, Chinese officials announced that inbound travelers would no longer require quarantine. The only requirement would be a negative PCR test, which has already resulted in a from Chinese consumers.
The economic calendar only contains a few events today, including the and, so trading should be light during the holiday week.
Tesla Inc. (NASDAQ:) traded in pre-market trading. decreased by 3.6% following the announcement that it would extend its Shanghai light production schedule. Company Southwest Airlines (NYSE:) commodity markets were up 1% and up 1.1% in early morning trading, indicating that the China news or inertia would support a risk-on rally.
The company was dealing with flight cancellations as a result of the recent disruptive weather in the United States. trading 0.7% higher, the stock continued its strong year-end momentum. The also gained 0.3 percent against the dollar, while the lost 0.3 percent. In the beginning of trading, the gained 0.8 percent.
More Due to COVID electric car manufacturer Nio cuts guidance
Preferred Units of AMC Entertainment Holdings (NYSE:) continued to rise in the pre-market, rising by 27% to 2.2, while AMC Entertainment Holdings Inc.’s common stock (NYSE:) As the arbitrage between the two securities continued to close off, shares dropped 7.7% prior to the market.
