Stock Market News Today: Dow Jones, S&P 500 Rally After Trump Hints At De-Escalation With China—Mag 7, Fastenal, Lucid In Focus

Benzinga

U.S. stock futures rose on Monday following Friday’s sell-off. Futures of major benchmark indices were higher.  Magnificent 7 stocks surged in premarket following President Donald Trump‘s de-escalation on Sunday, saying, "Don’t worry about China, it will all be fine," adding that the "Highly respected President Xi just had a bad moment."  Asian markets tumbled in trade on Monday, with major Chinese technology and auto stocks falling sharply in trade in Hong Kong.

Transcript

00:00all right futures are bigly in the green here this morning s&p futures up 1.05 percent

00:13dow futures up seven tenths and the nasdaq futures leading the way higher at 0.1.58

00:20in the green let's take a look at some cues from last session here with information technology

00:26consumer discretionary and energy stocks posting the biggest losses most sectors on the s&p 500

00:33closed friday on a negative note however consumer staples managed to buck the broader market trend

00:39ending the session with higher gains uh the magnificent seven stocks surged in the pre-market

00:46here today following president trump's de-escalation on sunday evening quote don't worry about china

00:53it will all be fine end quote uh adding that quote highly respected president she just had a bad

01:00moment end quote uh asian markets tumbled in trade on monday with major chinese technology and auto

01:06stocks falling sharply in trade in hong kong the 10-year treasury bond yielded 4.03 percent would

01:12love to see this get back under four percent we're close uh yielded 4.03 percent and the two-year bond

01:18yielded 3.5 percent we do have some stocks in focus here today uh all of the magnificent seven

01:26stocks are likely going to be in focus today given the big sell-off that we saw on friday and the

01:31future is deeply in the green here today nvidia tesla microsoft apple amazon alphabet and meta all up

01:39here uh nvidia maintained a stronger price trend over the short medium and long terms with a poor value

01:45ranking as per our benzinga edge rankings but again all of those seven stocks going to be major

01:51players here today uh in particular for short-term trades but uh curious to know if there's any long

01:57term entry for you folks here also on this list is going to be fast and all that's ticker f-a-s-t

02:03they jumped 2.57 percent ahead of its earnings before the opening bell analysts uh were estimating an

02:09earnings per share of 30 cents on a revenue of 2.13 billion now fast and all did trade higher

02:18initially although it's lower here this morning uh sitting at right about 44 so we'll see where

02:23fast and all ends up going here today also uh ticker f-f-a-i faraday future intelligent electric

02:29they gained 2.96 percent after the company signed a deposit agreement for a thousand units of the fx super

02:37one with zebo vince holding ticker vnce that tumbled 3.15 percent after announcing it will transfer from

02:45the nasdaq to the niece and then lastly here lucid group ticker lcid shares climb 1.95 percent as the

02:54electric vehicle maker said it had begun customer deliveries for the lucid gravity grand touring suv in

03:01canada

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