Wall Street Sees Upbeat Open as Markets Take a Breather from Politics – Nasdaq

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U.S. stocks were poised to end the week on a higher note as markets take a breather following an intense few days in the political arena when traders weighed U.S. President Donald Trump’s ability to deliver his reform agenda.

Oil prices rose with global benchmark Brent crude up 1.45%, and U.S. benchmark West Texas Intermediate up 1.42% recently, as the commodity was buoyed by growing expectations that major crude exports will extend output cuts to curb a persistent glut in inventories.

There are no economic data due for release.

Federal Reserve Presidents James Bullard and John Williams are scheduled to give speeches.

In equities, shares of Dynergy ( DYN ) were 25% higher pre-bell after The Wall Street Journal reported that the company received a takeover proposal from Vista Energy ( VST ).

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.16%

-S&P 500 futures up 0.28%

-Nasdaq 100 futures up 0.37%

-Nasdaq 100 pre-market indicator up 0.43%

GLOBAL SENTIMENT

Nikkei up 0.19%

Hang Seng up -0.15%

Shanghai Composite up 0.02%

FTSE-100 up 0.30%

DAX-30 up 0.19%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(+-) Chip stocks: mixed

(+) Software stocks: unchanged to higher

(+) Hardware stocks: unchanged to higher

(+) Internet stocks: unchanged to higher

(+) Oil stocks: unchanged to higher

(+) Biotech stocks: unchanged to higher

(+) Drug stocks: unchanged to higher

(+) Financial stocks: unchanged to higher

(+) Retail stocks: unchanged to higher

(+) Industrial stocks: unchanged to higher

(+/-) Airlines: mixed

(+/-) Autos: mixed

UPSIDE MOVERS

(+) CCE (+3.6%) Director Garry Watts to step down on Sept. 30

(+) VNET (+2.2%) Parnters with Microsoft to launch Microsot Office Online

DOWNSIDE MOVERS

(-) HALO (-6.9%) Prices stock offering at $12.50/share

(-) FWONK (-1.3%) Liberty Media prices offering of FWONK common stock at $31/share

(-) FL (-10%) Misses projections on fiscal Q1 profit and revenues

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