U.S. Stock Market Update

As the U.S. stock markets prepare to open in two hours, several companies are experiencing notable movements in pre-market trading. Here's a summary of the current situation:

United States Steel Corp. (X) and Cleveland-Cliffs Inc. (CLF)

United States Steel Corp. (X) has seen a significant increase, with a 28.6% rise in pre-market trading. Similarly, Cleveland-Cliffs Inc. (CLF) has also shown a positive trend, enjoying a 6.4% surge.

Other Gainers

In addition to the above, several other companies are showing gains in early trading. Illumina Inc. (ILMN), Steel Dynamics Inc. (STLD), and Nucor Corp. (NUE) have all posted increases of at least 4%.

Declining Stocks

On the other hand, Sunoco L.P. (SUN) and VF Corp. (VFC) have experienced declines, with respective falls of 5.8%.

Futures Outlook

Looking ahead, the S&P 500 futures indicate a 0.22% increase, and futures for the Dow Jones Industrial Average suggest a rise of 0.20%. Furthermore, the Cboe Volatility Index futures are up by 1.78%.

Commodity News

In commodities news, Brent crude oil futures have risen by 0.63%, while gold futures are up by 0.07%. However, Bitcoin has experienced a decline of 2.10%, currently trading at $41,021.

Treasury Yields

The 10-Year Treasury yield has fallen to 3.905%.

Previous Trading Session

During the previous regular trading session, the S&P 500 remained unchanged, while the Dow showed a slight increase of 0.15%. In contrast, stocks in Asia experienced declines, with Japan's NIKKEI 225 Index down by 0.64% and China's Shanghai Composite Index falling by 0.40%.

European Market Update

In afternoon trading, European stocks exhibit a positive outlook. The STOXX Europe 600 Index has increased by 0.02%, and the FTSE 100 Index has climbed by 0.66% compared to the previous close.

Remember that U.S. stock markets will commence trading at 9:30 a.m. ET.