U.S. Equity Futures Point Higher While Global Shares Finish Mixed

U.S. equity futures pointed higher at the open on July 7 after the long weekend. S&P futures rose 0.4 percent and Nasdaq 100 futures climbed 1.1 percent as of 8:00 a.m. ET. Global markets finished mixed on July 6.

The Stoxx 600 slipped 0.2 percent to 651.15 after touching a record high earlier. South Korea’s Kospi index fell after an intraday gain of as much as 3 percent. The MSCI APAC index fell as much as 0.7 percent before closing unchanged.

The Bloomberg Dollar Spot Index rose 0.2 percent. USD/JPY reached 162.31, below the prior week’s peak of 162.84. The 10-year Treasury yield fell 2 basis points to 4.46 percent. Brent crude traded at $71.82 per barrel, down 0.4 percent, while WTI crude remained below $69.

Spot gold declined 0.8 percent and spot silver fell 0.7 percent. Bitcoin traded below $62,000. In premarket trading on July 7, Meta shares rose 1.4 percent, Tesla gained 1.3 percent, Amazon advanced 0.7 percent, Alphabet increased 0.5 percent and Nvidia rose 0.3 percent.

Apple shares fell 0.6 percent and Microsoft was unchanged. Datadog shares dropped 2.4 percent after Bernstein downgraded the stock. JB Hunt shares declined 1 percent after Morgan Stanley cut its rating.

Kosmos Energy shares rose 4 percent after the company reported Q2 production at its Jubilee field in Ghana reached about 72,000 barrels per day. Opus Genetics shares gained 2 percent after alignment with the FDA on a Phase 3 trial design. Seer shares jumped 33 percent after its CEO offered to buy the company.

Zim Integrated shares fell 6 percent after reports that Prime Minister Benjamin Netanyahu said a proposed sale was not on the agenda. SpaceX is scheduled to join the Nasdaq 100 on July 7. SK Hynix plans to list $28 billion in American depositary receipts on the Nasdaq on July 10.