To The Moon

U.S. stock futures rose Thursday as investors look ahead to inflation data and earnings that may provide insight into the future health of the economy.

Market Snapshot

At 7:50 a.m. ET, Dow e-minis were up 285 points, or 0.97%, S&P 500 e-minis were up 34.5 points, or 0.96%, and Nasdaq 100 e-minis were up 69.25 points, or 0.64%.

Pre-Market Movers

$BiomX Inc.(PHGE)$ stock is rocketing more than 66% despite a lack of news this morning.

$Dunxin Financial Holdings Limited(DXF)$ shares are soaring over 41% without any recent news to report.

$Corbus Pharmaceuticals(CRBP)$ stock is surging more than 38% alongside heavy pre-market trading after declaring a dividend.

$AnPac Bio-Medical Science(ANPC)$ shares are increasing over 26% on insider buying.

$Pintec Technology(PT)$ stock is plummeting more than 18% on no apparent news this morning.

$Oriental Culture Holding LTD(OCG)$ shares are diving over 13% on Thursday.

$Argo Blockchain Plc(ARBK)$ stock is tumbling more than 13% as Bitcoin drops.

$Taiwan Semiconductor Manufacturing(TSM)$ rose over 2% in premarket trading after posting its financial result.

$Delta Air Lines(DAL)$ gained over 4% in premarket trading after posting its financial result.

Market News

Treasury Secretary Janet Yellen cited concerns about the potential for a breakdown in trading of US Treasuries, as her department leads an effort to shore up that crucial market.

Federal Reserve Governor Michelle Bowman said on Wednesday that if high inflation does not start to wane she will continue to support aggressive rate rises aimed at taming price pressures.

$Microsoft(MSFT)$ said Britain's competition regulator had relied on objections from its rival Sony in referring its $69 billion Activision Blizzard deal to an in-depth inquiry, in particular "misplaced" concerns about 'Call of Duty'.

$Alphabet(GOOG)$ has approved former U.S. President Donald Trump's social media app Truth Social for distribution in the Google Play Store, a company spokesperson said on Wednesday.

$Taiwan Semiconductor Manufacturing(TSM)$ posted an 80% surge in third-quarter net profit on Thursday, buoyed by strong sales of its advanced chips despite a slowdown in the global chip industry because of economic headwinds. 

$Applied Materials(AMAT)$ said on Wednesday export restrictions to China would result in a $250 million-$550 million loss in net sales in the quarter ending Oct. 30, with a similar impact expected in the following three months.

$Delta Air Lines(DAL)$ on Thursday reported a profit of $695 million for the three months ended Sept. 30 -- about 54% lower than the same period in 2019, before the Covid-19 pandemic upended the industry.

$BlackRock(BLK)$ on Thursday posted a 16% drop in third-quarter profit, net income fell to $1.4 billion, or $9.25 per share, for the three months ended Sept. 30, from $1.68 billion, or $10.89 per share, a year earlier.