Stock futures were largely steady on Tuesday, as SpaceX continued its strong post-IPO rally following the Dow Jones Industrial Average’s recent record high driven by optimism over a potential U.S. Iran deal.
S&P 500 futures edged up 0.1%, while Nasdaq 100 futures increased 0.3%. Futures linked to the Dow were up 52 points, or 0.1%.
Pre-market trading saw SpaceX shares rise 5%, building on its substantial gains since going public last week. The company set its IPO price at $135, but shares traded around $208 before the market opened, representing a 54% increase.
On Monday, the Dow gained 468.77 points, or 0.92%, reaching both intraday and closing records. The S&P 500 surged over 1%, and the Nasdaq Composite climbed 3.1%.
In Asian markets, Japan’s Nikkei 225 hit an all-time intraday high and closed 0.13% higher. South Korea’s Kospi jumped 2.11%. Hong Kong’s Hang Seng Index was the weakest among major Asian indexes, falling 1.64%, while China’s CSI 300 declined slightly by 0.15%.
Australia’s S&P/ASX 200 ended flat. Meanwhile, in Europe, the pan-European Stoxx 600 index rose 0.6%, led by gains in industrial and banking sectors.
Source (CNBC)
