US markets today: Dow, S&P 500, Nasdaq futures indicate positive open; Telecom stocks, SpaceX, Delta Air, stocks to watch

US equity futures indicate a positive opening on Friday, October 9, as investors focused on the pullback in US Treasury yields, a marginal fall in global crude oil prices, and the latest comments from President Donald Trump regarding attacks in West Asia.

Dow Jones futures were trading 0.14% higher at 51,563 points ahead of the opening bell on October 9, while the S&P 500 futures were up 0.39% trading around 7,847 points in Friday’s pre-market hours.

The tech-heavy Nasdaq 100 futures were trading 0.81% higher at 31,222 points ahead of the opening bell on Friday’s market, as investors focused on the recovery potential of technology stocks after the major tech selloff on Thursday’s market.

Key things to know before US market open

US stocks to watch today

This agreement has the potential to improve SpaceX’s Starlink Mobile capabilities in the upcoming period.

Asian market snapshot

The equity markets in Asia closed on a mixed note after their trading session on Friday, as investors focused on the rebound in tech and IT stocks in certain markets and selling pressure among Japanese chipmaking companies.

MarketWatch data showed that Japan’s Nikkei 225 ended 0.02% lower, South Korea’s KOSPI closed 2.6% lower, and Singapore’s FTSE ended 0.20% lower after the trading session on Friday.

While other benchmark indices like Hong Kong’s Hang Seng closed 1.79% higher, Shanghai Composite closed 0.05% higher, and India’s SENSEX ended 1.23% higher amid strong buying in heavyweights.

Oil drops to $102/barrel

Global crude oil prices declined nearly 2% to hit an intraday low of $102.41 per barrel (bbl) during the trading session on October 9, as investors focused on the US President Donald Trump’s latest comments that there will be no more attacks before the November midterm election.

Investing.com data showed that the benchmark Brent crude oil prices were trading around $102.66 per bbl as of 7:20 pm (IST), in comparison to $104.28 per bbl at the previous commodity market close.

In a latest post on social media, US President Donald Trump said that they are having “productive discussions” with Iran and that America will not be carrying out any attacks before the US midterm elections.

“We will not be attacking Iran ​at any time prior to the midterm elections to be held in ​the United States on November 3,” said Trump in his post on Truth Social.

Treasury yield pullback

After a brief recovery, the US Treasury yields witnessed a marginal pullback from their multi-year high levels, trading around 5.24%, improving the sentiment for equities while the fixed income investors remained cautious amid global market uncertainty.

This comes at a time when reports suggest that US Fed governor Christopher Waller called for more interest rate hikes to bring inflation down in the American economy, as rates have ranged above the 2% target for a few years.

How did Wall Street end on Thursday?

The US equity market indices closed on a mixed note after their trading session on Thursday, October 9, as investors focused on the selloff cues among technology stocks, amid elevated US Treasury yields and crude oil prices.

The Dow Jones Industrial Average closed 0.10% higher at 51,231.64 points after the trading session on October 8, in comparison to 51,179.87 points at the previous US stock market close.

In contrast, the S&P 500 index ended 0.47% lower at 7,765.36 points after Thursday’s trading session, compared to 7,801.77 points at the previous Wall Street close, according to MarketWatch data.

The Nasdaq 100 closed 1.39% lower at 30,725.81 points after the market session on October 8, in comparison to 31,160.08 points at the previous equity market close, as per the exchange data.