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IPFS News Link • Stock Market

Futures Rise Ahead Of New Round Of Russia Talks, Twitter Soars On Musk Buying

• Zero Hedge

US futures rose along with stocks in Europe and Asia, as corporate news took some of the focus off developments in the Ukraine war, where peace talks are expected to resume on Monday. Nasdaq 100 futures led gains among other gauges, climbing as much as 0.4% with S&P futures up 0.2%, while equities also rose in Europe. Twitter soared as much as 29% in premarket trading after Elon Musk took a 9.2% passive stake in the company. Tesla shares also rose after the automaker posted record first-quarter deliveries despite supply chain and logistical constraints, taking other electric-vehicle stocks higher as well. 

Chinese stocks listed in Hong Kong climbed over 4% after Beijing sought to modify a rule that restricts offshore-listed firms from sharing sensitive financial data with foreign regulators. That may allow the U.S. to gain full access to audits, reducing the risk of Chinese firms losing Wall Street listings. Starbucks Corp. fell after the coffee chain's chief executive officer suspended its share buyback program on his first day back on the job. Among other notable premarket movers, electric-vehicle stocks in the U.S. gain in premarket trading along Tesla. Rivian (RIVN US) +1.6%, Nikola (NKLA US) +1%.


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