Go out to Chicago for a look at how the trading day is shaping up at CEO.
We're fast approaching key earnings from Nvidia's Salesforce as well as Marvel Tech, and that means big implications for volatility as well as options.
So joining us live from the trading floor this morning is FinTech TV correspondent Mark Payton.
Mark, good morning.
Thank you so much for joining us.
So we are counting down to the opening bell here in New York as well as Chicago.
So tell us what the pre-market action looks like this morning from your end.
Good morning, Remy.
Yes, we're looking at more of a positive start on Wall Street this morning.
S&P futures are up about 0.1% ahead of the open after the S&P finished Monday down about 310.
And one thing helping this morning, we're getting a little relief from the bond market.
The 10-year Treasury yield has eased back to around 4.6%.
Higher yields have been putting some pressure on stocks lately.
The VIX is around 15%.
8 this morning.
It's kind of been stuck there between like high 15s and 16s.
Still some caution out there, but we are well below the 20 level and small caps are looking better this morning as well.
Russell 2000 futures are pointing higher after the index fell about 8.1% yesterday.
But the big picture, small caps have had a strong year.
The Russell is still up more than 20% in 2026.
Yes, and Mark, in New York morning trade, we are looking at risk on and you mentioned what we're seeing in terms of the VIX and stock futures are higher ahead of the open, but what's the next big thing that traders are watching right now?
Yes, one of the big things that we're watching is consumer confidence.
We get that number at 9 central this morning.
You were talking about that earlier, and really this is a check on how Americans are feeling about the economy, the job market, and their own finances.
We're expecting a reading around 90.3.
And for a little perspective, last month came in at 90.8%, which was actually below expectations.
So the question this morning is, are consumers becoming even more cautious?
When people feel good about their jobs and their finances, they generally tend to spend more money.
If they start getting nervous, they may pull back, and consumer spending is such a big part of the US economy.
So Wall Street will definitely be watching this number.
We also get new home sales at 9 central, so we have a more positive start this morning.
But there's some fresh economic data coming after the opening that could certainly change the tone pretty quickly here.
Yeah, Mark, indeed, we will be paying attention to those data releases coming out in less than an hour's time.
So thank you so much for joining us from Cebo this morning.
Thank you.
