US PREMARKET ACTIONS
Wall Street reopens after the long President’s Day weekend with mixed futures trending lower.
US Futures: Cautious Opening
- Nasdaq 100 (US100): -0.75%
- S&P 500 (SPX): -0.35%
- Dow Jones (INDU): -0.19%
Investors remain cautious ahead of new economic indicator releases, as markets gauge the path of interest rates and growth momentum.
Bond Market: Easing Yields
Treasury yields are falling across the curve:
- 10-Year (US10Y): 4.03% (-1.9 bps)
- 2-Year (US2Y): 3.40%
- 30-Year (US30Y): 4.67%
This move reflects a more defensive positioning ahead of macro data.
Key Economic Indicators to Watch
Two key releases are expected today:
- Empire State Manufacturing Index
- Business Inventories
This data will help assess industrial momentum and inventory levels, two key factors for anticipating Q1 growth trajectory.
Top Pre-market Gainers
ZIM Integrated Shipping (ZIM) +36%
Stock surges after the announcement of an acquisition by Hapag-Lloyd (HPGLY) at $35 per share in cash, a 58% premium.
The deal values ZIM at approximately $4.2 billion.
It remains subject to approval by regulators, shareholders, and the Israeli government.
Ocular Therapeutix (OCUL) +35%
Strong advance ahead of Phase 3 results for AXPAXLI (OTX-TKI) treatment for wet AMD (macular degeneration).
COMPASS Pathways (CMPS) +28%
Sharp rise ahead of new Phase 3 data on its COMP360 psilocybin treatment for treatment-resistant depression.
Other Notable Gainers
- Norwegian Cruise Line (NCLH) +6.33%
- Allegion (ALLE) +5.78%
- Paramount Skydance (PSKY) +2.91%
Top Pre-market Decliners
Smurfit Westrock (SW) -4.89%
Danaher (DHR) -4.77%
HCA Healthcare (HCA) -4.20%
Wheaton Precious Metals (WPM) -2%
Pullback after the acquisition of BHP’s (33.75%) stake in the Antamina mine silver stream for $4.3 billion.
The deal will bring the total stake to 67.5% and is expected to increase annual silver production by about 6 Moz over the first five years.
Mixed financing (cash, debt, lines of credit), with net debt estimated at $2.4 billion at closing.
