First Call May 24, 2021

May 24, 2021 | First Call

  • S&P futures up 0.5% and Nasdaq futures are up 0.75% in Monday morning trading after US equities finished mostly lower last week with value underperforming growth. Energy, industrials, materials, and consumer discretionary all down over 1%.
  • Asian markets mostly higher overnight with China one of the better performers though the upside was limited.
  • European markets are narrowly mixed.
  • Treasuries mostly firmer with 10-year yields at ~1.62%.
  • Gold up 0.1%.
  • Bitcoin futures up 1.3% at ~$36.5K after another big Sunday selloff that saw it fall 16% to below $32K.
  • WTI crude up 1.7%.